Springfield Plan, Bingham FarmsSaint JohnsMI48879
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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 Saint Johns at Springfield Plan, Bingham Farms, Saint Johns, MI, 48879 priced at $435,710 pairs $1,110/mo rent with after a $2,133/mo payment. Total monthly income equals $1,110/mo. Return on cash invested is 5.19% in year one, and rental yield stands at 3.06% on a $435,710 basis. Equity gained on principal adds $2,812/yr, and 5% annual appreciation accumulates to $120,379 by year five. Five-year ROI measures 24.49% and total cumulative return in cash reaches $35,371. For financing, Ziffy Mortgage’s DSCR program evaluates $1,110/mo property income against a $2,133/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$8 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48879, Saint Johns, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,734 (100%) |
| Owner Occupied HU | 5,988 (77.4%) |
| Renter Occupied HU | 1,368 (17.7%) |
| Vacant Housing Units | 378 ( 4.9%) |
| Median Home Value | $246,160 |
| Average Home Value | $285,008 |
Housing Distribution
Address Breakdown
Residential
7,436
Single Family
7,031
Multi-Family
405
Businesses
521
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Listed by: N/A • Oak Ridge Homes - Jackson
Mls Name: Oak Ridge Homes
Mls ID: #N/A