260 Pear 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 260 Pear St NE, Cedar Springs, MI, 49319 priced at $279,900 converts $2,684/mo rent into $838/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,684/mo, and annual cash flow totals $10,058/yr on $92,787 invested. Return on cash invested prints 30.75% in year one, and rental yield reads 11.51% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 161.55% and total cumulative return in cash sums $149,893. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,684/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.40 Acres 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: Mary L Nader • 616 Realty LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25051888
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.