2543 S Sherman RdApplegateMI48401
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 2543 S Sherman Rd, Applegate, MI, 48401 in Applegate worth study. Rental yield 0%. The 0% gross yield is below cash-flow benchmarks at $109,900, but 5% annual appreciation, adding $30,363 over five years, frames this as a capital growth position. Rent of $0/mo partially offsets the $494/mo payment. Ziffy Mortgage finances appreciation-play properties (0.00 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 7.8% |
| Monthly Cash Flow | $0 | $350 |
City averages based on Applegate market data in our database. Property projections are estimates.
Single Family
Built in 1970
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48401, Applegate, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 758 (100%) |
| Owner Occupied HU | 527 (69.5%) |
| Renter Occupied HU | 73 ( 9.6%) |
| Vacant Housing Units | 158 (20.8%) |
| Median Home Value | $200,301 |
| Average Home Value | $243,463 |
Housing Distribution
Address Breakdown
Residential
573
Single Family
573
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 1970
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48401, Applegate, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 758 (100%) |
| Owner Occupied HU | 527 (69.5%) |
| Renter Occupied HU | 73 ( 9.6%) |
| Vacant Housing Units | 158 (20.8%) |
| Median Home Value | $200,301 |
| Average Home Value | $243,463 |
Housing Distribution
Address Breakdown
Residential
573
Single Family
573
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Michael P Sheridan • Sheridan Real Estate LLC
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20251023760
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-08-05 07:48:04 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702