13250 Algoma Ave 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
Investment property for sale in Cedar Springs at 13250 Algoma Ave NE, Cedar Springs, MI, 49319 earns $698/mo cash flow from $2,334/mo rent with a $1,214/mo payment. Total monthly income totals $2,334/mo, and annual cash flow totals $8,381/yr on $82,212 capital. ROI tracks 30.1% on current figures, and rental yield reads 11.29% at a $248,000 purchase. Equity gained on principal adds $1,600/yr, and 5% annual appreciation supports $68,518 over five years. Five-year ROI reaches 158.07% and total cumulative return in cash sums $129,954. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,334/mo property income instead of your personal income.
Manufactured
Built in 1994
2.51 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 |
Housing Distribution
Address Breakdown
Residential
6,325
Single Family
6,172
Multi-Family
153
Businesses
338
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Listed by: Tim Horton • Wickstra Realty, Inc.
Mls Name: MichRIC
Mls Provider:
Mls ID: #25029808
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.