15340 Algoma Ave NE, Cedar springs, MI, 49319 | $331/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 15340 Algoma Ave NE, Cedar springs, MI, 49319 uses $107,738 cash to close to unlock $3,966/yr annual cash flow and $331/mo monthly cash flow. Total monthly income runs $2,474/mo, and a $1,591/mo payment keeps the spread at $331/mo. Purchase price stands at $325,000, and rental yield measures 9.13% with $2,474/mo rent. Return on cash invested shows 23.59% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 123.13% and total cumulative return in cash records $132,661. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,474/mo property income covering a $1,591/mo payment rather than investor’s personal income.

Single Family

Built in 1987

2.83 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