11975 Northland Dr #M7Cedar 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
Investment property for sale in Cedar Springs at 11975 Northland Dr #M7, Cedar Springs, MI, 49319 earns $376/mo cash flow from $1,501/mo rent with a $835/mo payment. Total monthly income totals $1,501/mo, and annual cash flow totals $4,510/yr on $56,584 capital. ROI tracks 27.88% on current figures, and rental yield reads 10.55% at a $170,690 purchase. Equity gained on principal adds $1,101/yr, and 5% annual appreciation supports $47,159 over five years. Five-year ROI reaches 146.12% and total cumulative return in cash sums $82,678. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,501/mo property income instead of your personal income.
Manufactured
Built in 2024
N/A 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: Kevin Kodat • Cedar Hill Home Sales
Mls Name: My State MLS
Mls ID: #11359118