68 Dickens StSpring ArborMI49283
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Nearby investment properties with comparable prices
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 Spring Arbor at 68 Dickens St, Spring Arbor, MI, 49283 uses $115,992 cash to close to unlock $12,770/yr annual cash flow and $1,064/mo monthly cash flow. Total monthly income runs $3,372/mo, and a $1,713/mo payment keeps the spread at $1,064/mo. Purchase price stands at $349,900, and rental yield measures 11.56% with $3,372/mo rent. Return on cash invested shows 30.92% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 162.44% and total cumulative return in cash records $188,418. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,372/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 2022
0.28 Acres lot
$N/A/sqft
No 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: Clifford Risner • Executive Brokers Residential and Commercial Real Estate
Mls Name: MichRIC
Mls ID: #25062397