12577 Redmond Ave NE, Cedar Springs, MI, 49319 | $513/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cedar Springs at 12577 Redmond Ave NE, Cedar Springs, MI, 49319 offers a 10.2% rental yield on a $270,000 purchase with $2,294/mo rent. Total monthly income registers $2,294/mo, and a $1,322/mo payment leaves $513/mo available for distribution. Annual cash flow reaches $6,156/yr on $89,505 to close, and return on cash invested stands at 26.79% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 140.23% and total cumulative return in cash at $125,509. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,294/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1895

0.82 Acres 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