340 West StCedar 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
Investment property for sale in Cedar Springs at 340 West St, Cedar Springs, MI, 49319 at $220,000 posts ROI 25.42% with $335/mo cash flow from $1,786/mo rent. Total monthly income equals $1,786/mo, and annual cash flow records $4,020/yr on $72,930 to close. Return on cash invested measures 25.42% and rental yield reads 9.74% at the current $220,000. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 by year five. Five-year ROI prints 132.92% and total cumulative return in cash totals $96,935.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,786/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
8,712 sqft 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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Nearby investment properties with comparable prices
Listed by: Nora Justiniano Tan • Greenridge Realty Holland
Mls Name: MichRIC
Mls ID: #25041779