822 E Nordquist RdCedarvilleMI49719
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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
Rental property for sale in Cedarville at 822 E Nordquist Rd, Cedarville, MI, 49719 offers $2,800/mo rent that, after a $1,077/mo payment, leaves $1,349/mo cash flow. Total monthly income is $2,800/mo, and annual cash flow is $16,188/yr on $72,930 cash. Return on cash invested measures 42.11% in year one, and rental yield stands at 15.27% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 222.38% and total cumulative return in cash reaches $162,179. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,800/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
3.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49719, Cedarville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,730 (100%) |
| Owner Occupied HU | 573 (33.1%) |
| Renter Occupied HU | 73 ( 4.2%) |
| Vacant Housing Units | 1,084 (62.7%) |
| Median Home Value | $313,983 |
| Average Home Value | $367,229 |
Housing Distribution
Address Breakdown
Residential
615
Single Family
615
Multi-Family
0
Businesses
94
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Nearby investment properties with comparable prices
Listed by: Kimberly Sue Haveman • COLDWELL BANKER SCHMIDT - CEDARVILLE
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-747
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.