690 Upton AveSpringfieldMI49037
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder690 Upton Ave, Springfield, MI, 49037 in Springfield carries a 1.54 coverage ratio, rent of $1,527/mo is 1.54 times the $989/mo payment. Rental yield 7.33%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $219,900 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $60,754; total projected cumulative return: $88,745.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 8.0% |
| Monthly Cash Flow | $(121) | $350 |
City averages based on Springfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,527 |
| Total Monthly Debt Service | $1,363 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1872
0.47 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
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
Single Family
Built in 1872
0.47 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Keith Hisler • Pearse Realty, Inc.
Mls Name: MichRIC
Mls ID: #25054621