846 S Islington RdCedarvilleMI49719
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 846 S Islington Rd, Cedarville, MI, 49719 in Cedarville is narrow, $124/mo net on $2,435/mo rent after the $1,576/mo debt service, but the property operates at break-even-plus, not a loss. At $350,480 with a 8.34% yield, the long-run equity case via 5% appreciation ($96,831 over five years) and $3,228/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.55 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $141,512.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 9.0% |
| Monthly Cash Flow | $124 | $1,200 |
City averages based on Cedarville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,435 |
| Total Monthly Debt Service | $2,172 |
| DSCR Ratio | 1.12x |
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 1994
0.65 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
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 1994
0.65 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lexie Duncan • MCDONALD REALTY Inc
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-764
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.