185 Sheffield CtCantonMI48188
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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 Canton at 185 Sheffield Ct, Canton, MI, 48188 generates $3,107/mo in rent and, after a $1,791/mo payment, leaves $694/mo in cash flow. Total monthly income is $3,107/mo, and annual cash flow is $8,328/yr on $121,296 invested. Return on cash invested sits at 26.77% in year one, and rental yield is 10.19% on a $365,900 entry. Equity gained on principal adds $2,361/yr, while 5% annual appreciation builds toward $101,091 over five years. Five-year ROI reaches 140.18% and total cumulative return in cash sums $170,030. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,107/mo property income rather than buyer’s personal income.
Condo
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48188, Canton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,500 (100%) |
| Owner Occupied HU | 14,480 (78.3%) |
| Renter Occupied HU | 3,060 (16.5%) |
| Vacant Housing Units | 960 ( 5.2%) |
| Median Home Value | $358,390 |
| Average Home Value | $374,106 |
Housing Distribution
Address Breakdown
Residential
18,094
Single Family
17,523
Multi-Family
571
Businesses
393
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