234 E Wright AveShepherdMI48883
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Shepherd rental at 234 E Wright Ave, Shepherd, MI, 48883 sits in the solid-income band: 10.08% gross yield, $1,386/mo rent, $298/mo net after the $742/mo debt service, DSCR 1.87. Entry price of $165,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $45,586 and $1,520/yr in principal reduction bring total cumulative return to $82,058.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 7.0% |
| Monthly Cash Flow | $298 | $250 |
City averages based on Shepherd market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,386 |
| Total Monthly Debt Service | $1,022 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1958
8,712 sqft lot
$N/A/sqft
No HOA
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
Single Family
Built in 1958
8,712 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alyssa Hamilton • RESULTS REALTY
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1937756
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.