115 E Cherry St NECedar SpringsMI49319
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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 Cedar Springs at 115 E Cherry St NE, Cedar Springs, MI, 49319 priced at $265,000 converts $2,051/mo rent into $304/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,051/mo, and annual cash flow totals $3,642/yr on $87,848 invested. Return on cash invested prints 24.05% in year one, and rental yield reads 9.29% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 125.64% and total cumulative return in cash sums $110,367. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,051/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1955
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49319, Cedar Springs, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,518 (100%) |
| Owner Occupied HU | 5,543 (85.0%) |
| Renter Occupied HU | 749 (11.5%) |
| Vacant Housing Units | 226 ( 3.5%) |
| Median Home Value | $310,820 |
| Average Home Value | $373,136 |
Housing Distribution
Address Breakdown
Residential
6,325
Single Family
6,172
Multi-Family
153
Businesses
338
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Listed by: Scott Rider • Grand River Realty
Mls Name: MichRIC
Mls ID: #25050504