424 23rd St NSpringfieldMI49037
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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 Springfield at 424 23rd St N, Springfield, MI, 49037 uses $50,388 cash to close to unlock $6,283/yr annual cash flow and $524/mo monthly cash flow. Total monthly income runs $1,526/mo, and a $744/mo payment keeps the spread at $524/mo. Purchase price stands at $152,000, and rental yield measures 12.05% with $1,526/mo rent. Return on cash invested shows 32.38% in year one, and 5% annual appreciation builds toward $41,995 over five years. Five-year ROI reaches 170.27% and total cumulative return in cash records $85,798. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,526/mo property income covering a $744/mo payment rather than investor’s personal income.
Single Family
Built in 1915
8,276 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Skyler A Sebring • eXp Realty LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25036459
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.