1335 S Palmerlee RdCedarvilleMI49719
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
Investment Highlights
Rental property for sale in Cedarville at 1335 S Palmerlee Rd, Cedarville, MI, 49719 priced at $450,000 pairs $1,584/mo rent with after a $2,203/mo payment. Total monthly income equals $1,584/mo. Return on cash invested is 8.78% in year one, and rental yield stands at 4.22% on a $450,000 basis. Equity gained on principal adds $2,904/yr, and 5% annual appreciation accumulates to $124,327 by year five. Five-year ROI measures 43.66% and total cumulative return in cash reaches $65,130. For financing, Ziffy Mortgage’s DSCR program evaluates $1,584/mo property income against a $2,203/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49719, Cedarville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,730 (100%) |
| Owner Occupied HU | 573 (33.1%) |
| Renter Occupied HU | 73 ( 4.2%) |
| Vacant Housing Units | 1,084 (62.7%) |
| Median Home Value | $313,983 |
| Average Home Value | $367,229 |
Housing Distribution
Address Breakdown
Residential
615
Single Family
615
Multi-Family
0
Businesses
94
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Nearby investment properties with comparable prices
Listed by: Tyler Henry Snider • COLDWELL BANKER SCHMIDT - CEDARVILLE
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-214
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.