231 E Smith StSheridanMI48884
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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 Sheridan at 231 E Smith St, Sheridan, MI, 48884 priced at $255,500 pairs $1,928/mo rent with $243/mo cash flow after a $1,251/mo payment. Total monthly income equals $1,928/mo, and annual cash flow comes to $2,912/yr on $84,698 invested. Return on cash invested is 23.35% in year one, and rental yield stands at 9.06% on a $255,500 basis. Equity gained on principal adds $1,649/yr, and 5% annual appreciation accumulates to $70,590 by year five. Five-year ROI measures 121.81% and total cumulative return in cash reaches $103,173. For financing, Ziffy Mortgage’s DSCR program evaluates $1,928/mo property income against a $1,251/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1985
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48884, Sheridan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,784 (100%) |
| Owner Occupied HU | 1,378 (77.2%) |
| Renter Occupied HU | 245 (13.7%) |
| Vacant Housing Units | 161 ( 9.0%) |
| Median Home Value | $223,711 |
| Average Home Value | $231,154 |
Housing Distribution
Address Breakdown
Residential
1,709
Single Family
1,668
Multi-Family
41
Businesses
66
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