119 W Sherwood RdOkemosMI48864
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 Okemos at 119 W Sherwood Rd, Okemos, MI, 48864 priced at $300,500 converts $2,454/mo rent into $359/mo cash flow after a $1,471/mo obligation. Total monthly income equals $2,454/mo, and annual cash flow totals $4,311/yr on $99,616 invested. Return on cash invested prints 24.24% in year one, and rental yield reads 9.8% against a $300,500 entry. Equity gained on principal adds $1,939/yr, while 5% annual appreciation compiles into $83,023 by year five. Five-year ROI reaches 127.11% and total cumulative return in cash sums $126,625. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,454/mo property income covering a $1,471/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48864, Okemos, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,559 (100%) |
| Owner Occupied HU | 6,293 (65.8%) |
| Renter Occupied HU | 2,783 (29.1%) |
| Vacant Housing Units | 483 ( 5.1%) |
| Median Home Value | $358,401 |
| Average Home Value | $397,029 |
Housing Distribution
Address Breakdown
Residential
9,606
Single Family
8,361
Multi-Family
1,245
Businesses
850
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Nearby investment properties with comparable prices
Listed by: Tori Salinaz • Keller Williams Realty Lansing
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #290071
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS