3505 Owen DrCedar 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 3505 Owen Dr, Cedar Springs, MI, 49319 at $745,000 posts ROI 10.08% with from $2,874/mo rent. Total monthly income equals $2,874/mo. Return on cash invested measures 10.08% and rental yield reads 4.63% at the current $745,000. Equity gained on principal adds $4,807/yr, and 5% annual appreciation supports $205,830 by year five. Five-year ROI prints 50.64% and total cumulative return in cash totals $124,124. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,874/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2021
2.52 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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Nearby investment properties with comparable prices
Listed by: Rebecca R Greenhoe • Greenridge Realty (Summit)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25013440
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.