15176 Algoma Ave NECedar SpringsMI49319
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
Investment property for sale in Cedar Springs at 15176 Algoma Ave NE, Cedar Springs, MI, 49319 offers a 13.63% rental yield on a $180,000 purchase with $2,044/mo rent. Total monthly income registers $2,044/mo, and a $881/mo payment leaves $857/mo available for distribution. Annual cash flow reaches $10,284/yr on $59,670 to close, and return on cash invested stands at 37.14% in year one. Equity gained on principal adds $1,162/yr while 5% annual appreciation supports $49,731 over five years. Portfolio math shows five-year ROI at 195.8% and total cumulative return in cash at $116,837. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,044/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
1.28 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela J Worth • Bellabay Realty (North)
Mls Name: MichRIC
Mls ID: #25056079