0 E Hohnke Rd #1932386CedarMI49621
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 0 E Hohnke Rd #1932386, Cedar, MI, 49621 in Cedar. At $323,900 it earns $2,370/mo in rent and distributes $234/mo to the owner after the $1,456/mo payment, a consistent 8.78% yield. DSCR 1.63 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $89,488 in value; $2,983/yr in principal paydown compounds ownership stake. Total projected return: $138,520.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.0% |
| Monthly Cash Flow | $234 | $850 |
City averages based on Cedar market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,370 |
| Total Monthly Debt Service | $2,007 |
| DSCR Ratio | 1.18x |
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 N/A
7 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49621, Cedar, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,910 (100%) |
| Owner Occupied HU | 1,237 (64.8%) |
| Renter Occupied HU | 156 ( 8.2%) |
| Vacant Housing Units | 517 (27.1%) |
| Median Home Value | $371,675 |
| Average Home Value | $468,618 |
Housing Distribution
Address Breakdown
Residential
1,541
Single Family
1,541
Multi-Family
0
Businesses
56
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 N/A
7 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49621, Cedar, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,910 (100%) |
| Owner Occupied HU | 1,237 (64.8%) |
| Renter Occupied HU | 156 ( 8.2%) |
| Vacant Housing Units | 517 (27.1%) |
| Median Home Value | $371,675 |
| Average Home Value | $468,618 |
Housing Distribution
Address Breakdown
Residential
1,541
Single Family
1,541
Multi-Family
0
Businesses
56
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices