366 E Beech 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 366 E Beech St NE, Cedar Springs, MI, 49319 uses $132,269 cash to close to unlock $4,196/yr annual cash flow and $350/mo monthly cash flow. Total monthly income runs $2,981/mo, and a $1,953/mo payment keeps the spread at $350/mo. Purchase price stands at $399,000, and rental yield measures 8.97% with $2,981/mo rent. Return on cash invested shows 23.08% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 120.38% and total cumulative return in cash records $159,230. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,981/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Single Family
Built in 1983
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: Mandy Green • Five Star Real Estate (Rock)
Mls Name: MichRIC
Mls ID: #25032618