388 Richard St, Spring Arbor, MI, 49283 | $110/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Spring Arbor at 388 Richard St, Spring Arbor, MI, 49283 with 5% annual appreciation on a $264,900 basis while $1,857/mo rent supports operations. Total monthly income totals $1,857/mo and a $1,297/mo payment preserves $110/mo for cash returns. Annual cash flow comes to $1,316/yr on $87,814 deployed, and return on cash invested reaches 21.41% in year one. Equity gained on principal adds $1,709/yr, and five-year appreciation sums $73,187 alongside rental yield of 8.41%. Five-year ROI measures 111.42% and total cumulative return in cash totals $97,844.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,857/mo property income versus a $1,297/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1965

0.32 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49283, Spring Arbor, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,460 (100%)
Owner Occupied HU	964 (66.0%)
Renter Occupied HU	406 (27.8%)
Vacant Housing Units	90 ( 6.2%)
Median Home Value	$233,794
Average Home Value	$245,931