75 Dickens StSpring ArborMI49283
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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 75 Dickens St, Spring Arbor, MI, 49283 priced at $375,000 converts $2,452/mo rent into after a $1,835/mo obligation. Total monthly income equals $2,452/mo. Return on cash invested prints 19.31% in year one, and rental yield reads 7.85% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 100.31% and total cumulative return in cash sums $124,695. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,452/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.34 Acres lot
$N/A/sqft
$250 semi-annually 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: Logan Burns • C-21 Affiliated - Jackson
Mls Name: MichRIC
Mls Provider:
Mls ID: #25041007
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.