16165 N Cedar StSpaldingMI49886
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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
Investment Highlights
Investment property for sale in Spalding at 16165 N Cedar St, Spalding, MI, 49886 earns $1,540/mo cash flow from $2,321/mo rent with a $580/mo payment. Total monthly income totals $2,321/mo, and annual cash flow totals $18,474/yr on $39,283 capital. ROI tracks 66.94% on current figures, and rental yield reads 23.5% at a $118,500 purchase. Equity gained on principal adds $765/yr, and 5% annual appreciation supports $32,739 over five years. Five-year ROI reaches 355.59% and total cumulative return in cash sums $139,684. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,321/mo property income instead of your personal income.
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
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Listed by: SCOTT MOSIER • KEY REALTY DELTA COUNTY LLC
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50147312
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.