452 Springfield St NWComstock ParkMI49321
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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 Comstock Park at 452 Springfield St NW, Comstock Park, MI, 49321 listed at $319,900 pairs $2,734/mo rent with a $1,566/mo payment to leave $624/mo cash flow. Total monthly income runs $2,734/mo, and annual cash flow reaches $7,490/yr on $106,047 cash to close. Return on cash invested measures 26.97% in year one, and rental yield registers 10.26% at a $319,900 basis. Equity gained on principal adds $2,064/yr, and annual property appreciation at 5% supports $88,382 by year five. Five-year ROI tracks 141.28% and total cumulative return in cash totals $149,828. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,734/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49321, Comstock Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,190 (100%) |
| Owner Occupied HU | 4,375 (60.8%) |
| Renter Occupied HU | 2,533 (35.2%) |
| Vacant Housing Units | 282 ( 3.9%) |
| Median Home Value | $311,171 |
| Average Home Value | $337,061 |
Housing Distribution
Address Breakdown
Residential
7,187
Single Family
5,191
Multi-Family
1,996
Businesses
536
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Listed by: Emily L Laursen • Bellabay Realty (North)
Mls Name: MichRIC
Mls ID: #25047132