5801 Red Cedar Dr SWWyomingMI49418
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 5801 Red Cedar Dr SW, Wyoming, MI, 49418 in Wyoming. Priced at $402,990, it generates $4,985/mo in gross rent and $2,320/mo in net monthly cash flow, a 14.84% yield that comfortably supports the 2.75 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $27,842. Five-year appreciation: $111,339. Equity from principal paydown: $3,712/yr. Total projected cumulative return: $302,863.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.8% | 7.0% |
| Monthly Cash Flow | $2,320 | $250 |
City averages based on Wyoming market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,985 |
| Total Monthly Debt Service | $2,504 |
| DSCR Ratio | 1.99x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
0.34 Acres lot
$N/A/sqft
$85 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49418, Grandville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,599 (100%) |
| Owner Occupied HU | 9,108 (67.0%) |
| Renter Occupied HU | 3,710 (27.3%) |
| Vacant Housing Units | 781 ( 5.7%) |
| Median Home Value | $339,505 |
| Average Home Value | $383,744 |
Housing Distribution
Address Breakdown
Residential
13,158
Single Family
12,047
Multi-Family
1,111
Businesses
1,101
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
Single Family
Built in 2024
0.34 Acres lot
$N/A/sqft
$85 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49418, Grandville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,599 (100%) |
| Owner Occupied HU | 9,108 (67.0%) |
| Renter Occupied HU | 3,710 (27.3%) |
| Vacant Housing Units | 781 ( 5.7%) |
| Median Home Value | $339,505 |
| Average Home Value | $383,744 |
Housing Distribution
Address Breakdown
Residential
13,158
Single Family
12,047
Multi-Family
1,111
Businesses
1,101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices