272 E Ash 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
Investment property for sale in Cedar Springs at 272 E Ash St NE, Cedar Springs, MI, 49319 listed at $454,500 pairs $2,792/mo rent with a $2,225/mo payment. Total monthly income runs $2,792/mo. Return on cash invested measures 18.27% in year one, and rental yield registers 7.37% at a $454,500 basis. Equity gained on principal adds $2,933/yr, and annual property appreciation at 5% supports $125,570 by year five. Five-year ROI tracks 94.61% and total cumulative return in cash totals $142,551. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,792/mo property income relative to a $2,225/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
0.25 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: Keith A Ykema • City2Shore Real Estate Inc.
Mls Name: MichRIC
Mls Provider:
Mls ID: #24049788
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.