71 N 2nd St NECedar 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 71 N 2nd St NE, Cedar Springs, MI, 49319 at $235,000 posts ROI 25.91% with $390/mo cash flow from $1,939/mo rent. Total monthly income equals $1,939/mo, and annual cash flow records $4,674/yr on $77,903 to close. Return on cash invested measures 25.91% and rental yield reads 9.9% at the current $235,000. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,926 by year five. Five-year ROI prints 135.58% and total cumulative return in cash totals $105,616.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,939/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1918
7,840 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 |
Housing Distribution
Address Breakdown
Residential
6,325
Single Family
6,172
Multi-Family
153
Businesses
338
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda M Tanis • Five Star Real Estate (Rock)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25051111
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.