50 Wellworth AveSpringfieldMI49037
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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
Rental property for sale in Springfield at 50 Wellworth Ave, Springfield, MI, 49037 priced at $177,000 converts $1,379/mo rent into $212/mo cash flow after a $866/mo obligation. Total monthly income equals $1,379/mo, and annual cash flow totals $2,545/yr on $58,676 invested. Return on cash invested prints 24.25% in year one, and rental yield reads 9.35% against a $177,000 entry. Equity gained on principal adds $1,142/yr, while 5% annual appreciation compiles into $48,902 by year five. Five-year ROI reaches 126.69% and total cumulative return in cash sums $74,339. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,379/mo property income covering a $866/mo payment, not borrower’s personal income.
Single Family
Built in 1957
0.37 Acres lot
$N/A/sqft
No HOA
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Listed by: Andrew Bayes • Real Estate Warehouse L.L.C.
Mls Name: MichRIC
Mls ID: #26003070