17 E Muskegon St NECedar SpringsMI49319
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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
Rental property for sale in Cedar Springs at 17 E Muskegon St NE, Cedar Springs, MI, 49319 offers $2,022/mo rent that, after a $857/mo payment, leaves $868/mo cash flow. Total monthly income is $2,022/mo, and annual cash flow is $10,410/yr on $58,013 cash. Return on cash invested measures 37.85% in year one, and rental yield stands at 13.87% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 199.64% and total cumulative return in cash reaches $115,819. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,022/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
6,098 sqft 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
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Listed by: Shelly DeYoung • Gatehouse Real Estate LLC
Mls Name: MichRIC
Mls ID: #25055899