363 Spring St, Cedar Springs, MI, 49319 | $84/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Cedar Springs at 363 Spring St, Cedar Springs, MI, 49319 priced at $269,000 converts $1,858/mo rent into $84/mo cash flow after a $1,317/mo obligation. Total monthly income equals $1,858/mo, and annual cash flow totals $1,004/yr on $89,174 invested. Return on cash invested prints 21.04% in year one, and rental yield reads 8.29% against a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation compiles into $74,320 by year five. Five-year ROI reaches 109.42% and total cumulative return in cash sums $97,571. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,858/mo property income covering a $1,317/mo payment, not borrower’s personal income.

Single Family

Built in 1977

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