83 E Elm St NECedar SpringsMI49319
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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 Cedar Springs at 83 E Elm St NE, Cedar Springs, MI, 49319 priced at $210,000 pairs $1,883/mo rent with $498/mo cash flow after a $1,028/mo payment. Total monthly income equals $1,883/mo, and annual cash flow comes to $5,976/yr on $69,615 invested. Return on cash invested is 28.49% in year one, and rental yield stands at 10.76% on a $210,000 basis. Equity gained on principal adds $1,355/yr, and 5% annual appreciation accumulates to $58,019 by year five. Five-year ROI measures 149.4% and total cumulative return in cash reaches $104,008. For financing, Ziffy Mortgage’s DSCR program evaluates $1,883/mo property income against a $1,028/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
4,356 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
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Listed by: Daniel Warren • eXp Realty, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25013341
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.