392 Richard StSpring ArborMI49283
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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
Investment Highlights
Investment property for sale in Spring Arbor at 392 Richard St, Spring Arbor, MI, 49283 with 5% annual appreciation on a $215,000 basis while $1,699/mo rent supports operations. Total monthly income totals $1,699/mo and a $1,052/mo payment preserves $282/mo for cash returns. Annual cash flow comes to $3,378/yr on $71,273 deployed, and return on cash invested reaches 24.65% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,401 alongside rental yield of 9.48%. Five-year ROI measures 128.82% and total cumulative return in cash totals $91,813.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,699/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
0.31 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 |
Housing Distribution
Address Breakdown
Residential
1,336
Single Family
1,142
Multi-Family
194
Businesses
105
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Listed by: SHERRY HOOD • HOWARD HANNA REAL ESTATE SERVI
Mls Name: MichRIC
Mls ID: #25051115