446 24th St N,Springfield,MI,49037

Investment Highlights

Investment property for sale in Springfield at 446 24th St N, Springfield, MI, 49037 listed at $145,000 pairs $1,125/mo rent with a $710/mo payment to leave $169/mo cash flow. Total monthly income runs $1,125/mo, and annual cash flow reaches $2,022/yr on $48,068 cash to close. Return on cash invested measures 24.12% in year one, and rental yield registers 9.31% at a $145,000 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,061 by year five. Five-year ROI tracks 125.96% and total cumulative return in cash totals $60,548. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,125/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).