8826 Cedar Lake DrJenisonMI49428
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
Rental property for sale in Jenison at 8826 Cedar Lake Dr, Jenison, MI, 49428 offers $4,382/mo rent that, after a $3,744/mo payment. Total monthly income is $4,382/mo. Return on cash invested measures 16.9% in year one, and rental yield stands at 6.87% at a $764,900 entry. Equity gained on principal adds $4,936/yr while 5% annual appreciation compounds into $211,328 by year five. Five-year ROI records 87.21% and total cumulative return in cash reaches $219,472. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,382/mo property income versus a $3,744/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49428, Jenison, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,104 (100%) |
| Owner Occupied HU | 9,207 (82.9%) |
| Renter Occupied HU | 1,557 (14.0%) |
| Vacant Housing Units | 340 ( 3.1%) |
| Median Home Value | $305,908 |
| Average Home Value | $331,957 |
Housing Distribution
Address Breakdown
Residential
10,503
Single Family
9,826
Multi-Family
677
Businesses
595
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