2103 Quarter Horse DrCedar 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 2103 Quarter Horse Dr, Cedar Springs, MI, 49319 generates $2,874/mo in rent, after a $2,636/mo payment. Total monthly income is $2,874/mo. Return on cash invested sits at 15.47% in year one, and rental yield is 6.4% on a $538,500 entry. Equity gained on principal adds $3,475/yr, while 5% annual appreciation builds toward $148,778 over five years. Five-year ROI reaches 79.56% and total cumulative return in cash sums $140,951. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,874/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A 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: Eastbrook Homes • Eastbrook Homes Inc. Sales Office
Mls Name: Nexus MLS
Mls Provider:
Mls ID: #N260810000113
Disclaimer: Listing information is provided by the Nexus Multiple Listing Service. Property information is based on available data that may include MLS information, county records, and other sources. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 Nexus MLS. All rights are reserved.