116 E Sheridan StFremontMI49412
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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 Fremont at 116 E Sheridan St, Fremont, MI, 49412 generates $2,713/mo in rent and, after a $1,711/mo payment, leaves $408/mo in cash flow. Total monthly income is $2,713/mo, and annual cash flow is $4,894/yr on $115,859 invested. Return on cash invested sits at 24.13% in year one, and rental yield is 9.32% on a $349,500 entry. Equity gained on principal adds $2,255/yr, while 5% annual appreciation builds toward $96,560 over five years. Five-year ROI reaches 126.02% and total cumulative return in cash sums $146,005. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,713/mo property income rather than buyer’s personal income.
Condo
Built in 2025
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49412, Fremont, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,254 (100%) |
| Owner Occupied HU | 3,886 (74.0%) |
| Renter Occupied HU | 827 (15.7%) |
| Vacant Housing Units | 541 (10.3%) |
| Median Home Value | $218,545 |
| Average Home Value | $256,878 |
Housing Distribution
Address Breakdown
Residential
4,810
Single Family
4,578
Multi-Family
232
Businesses
423
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