60 Dickens RdSpring ArborMI49283
Nearby investment properties with comparable rents
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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 Spring Arbor at 60 Dickens Rd, Spring Arbor, MI, 49283 generates $3,605/mo in rent and, after a $1,810/mo payment, leaves $1,124/mo in cash flow. Total monthly income is $3,605/mo, and annual cash flow is $13,490/yr on $122,622 invested. Return on cash invested sits at 30.91% in year one, and rental yield is 11.7% on a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 162.55% and total cumulative return in cash sums $199,318. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,605/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
0.31 Acres lot
$N/A/sqft
$42 monthly 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: William Isaacson • C-21 Affiliated - Jackson
Mls Name: MichRIC
Mls Provider:
Mls ID: #24036934
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.