15478 Cedar Leaf Ct 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
Rental property for sale in Cedar Springs at 15478 Cedar Leaf Ct NE, Cedar Springs, MI, 49319 generates $4,261/mo in rent and, after a $2,741/mo payment, leaves $568/mo in cash flow. Total monthly income is $4,261/mo, and annual cash flow is $6,816/yr on $184,240 invested. Return on cash invested sits at 23.76% in year one, and rental yield is 9.13% on a $560,000 entry. Equity gained on principal adds $3,614/yr, while 5% annual appreciation builds toward $154,718 over five years. Five-year ROI reaches 123.98% and total cumulative return in cash sums $228,425. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,261/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
1.21 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: Mary B Buckius • Keller Williams GR East
Mls Name: MichRIC
Mls Provider:
Mls ID: #25022193
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.