2980 Eighteen Mile Rd 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 2980 Eighteen Mile Rd NE, Cedar Springs, MI, 49319 uses $99,450 cash to close to unlock $1,956/yr annual cash flow and $163/mo monthly cash flow. Total monthly income runs $2,141/mo, and a $1,468/mo payment keeps the spread at $163/mo. Purchase price stands at $300,000, and rental yield measures 8.56% with $2,141/mo rent. Return on cash invested shows 21.88% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 113.91% and total cumulative return in cash records $113,280. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,141/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1920
7.54 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: Erica R Vorpi • Greenridge Realty (Summit)
Mls Name: MichRIC
Mls ID: #25044244