2241 Avalon View Dr 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
Total monthly income runs $2,436/mo, and a $1,982/mo payment. Purchase price stands at $405,000, and rental yield measures 7.22% with $2,436/mo rent. Return on cash invested shows 17.19% in year one, and 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 89.02% and total cumulative return in cash records $119,510. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,436/mo property income covering a $1,982/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.41 Acres lot
$N/A/sqft
$70 monthly 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: Kathryn A Scheffler • Keller Williams GR North
Mls Name: MichRIC
Mls Provider:
Mls ID: #25018772
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.