16165 N Cedar StSpaldingMI49886
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 16165 N Cedar St, Spalding, MI, 49886 in Spalding. Priced at $118,500, it generates $2,321/mo in gross rent and $1,539/mo in net monthly cash flow, a 23.5% yield that comfortably supports the 4.35 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $18,472. Five-year appreciation: $32,739. Equity from principal paydown: $1,091/yr. Total projected cumulative return: $144,212.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 23.5% | 6.5% |
| Monthly Cash Flow | $1,539 | $800 |
City averages based on Spalding market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,321 |
| Total Monthly Debt Service | $734 |
| DSCR Ratio | 3.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49886, Spalding, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 164 (100%) |
| Owner Occupied HU | 106 (64.6%) |
| Renter Occupied HU | 15 ( 9.1%) |
| Vacant Housing Units | 43 (26.2%) |
| Median Home Value | $214,286 |
| Average Home Value | $242,925 |
Housing Distribution
Address Breakdown
Residential
83
Single Family
83
Multi-Family
0
Businesses
12
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
Single Family
Built in 1920
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49886, Spalding, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 164 (100%) |
| Owner Occupied HU | 106 (64.6%) |
| Renter Occupied HU | 15 ( 9.1%) |
| Vacant Housing Units | 43 (26.2%) |
| Median Home Value | $214,286 |
| Average Home Value | $242,925 |
Housing Distribution
Address Breakdown
Residential
83
Single Family
83
Multi-Family
0
Businesses
12
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices