385 Needlewood DrCedar 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
Rental property for sale in Cedar Springs at 385 Needlewood Dr, Cedar Springs, MI, 49319 priced at $339,999 pairs $2,160/mo rent with after a $1,664/mo payment. Total monthly income equals $2,160/mo. Return on cash invested is 18.93% in year one, and rental yield stands at 7.62% on a $339,999 basis. Equity gained on principal adds $2,194/yr, and 5% annual appreciation accumulates to $93,935 by year five. Five-year ROI measures 98.16% and total cumulative return in cash reaches $110,634. For financing, Ziffy Mortgage’s DSCR program evaluates $2,160/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
871.20 sqft lot
$N/A/sqft
$30 quarterly 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: Austin M Hilyer • Five Star Real Estate (Rock)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25005411
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.