309 W Orchard AveShepherdMI48883
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 309 W Orchard Ave, Shepherd, MI, 48883 in Shepherd at $110,000 earns $827/mo in rent and nets $102/mo after the $495/mo payment, a 9.02% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $30,391 over five years. Ziffy Mortgage underwrites this on a 1.67 DSCR without U.S. credit history. With $1,013/yr in principal paydown, total projected return reaches $48,421.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 7.0% |
| Monthly Cash Flow | $102 | $250 |
City averages based on Shepherd market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $827 |
| Total Monthly Debt Service | $682 |
| DSCR Ratio | 1.21x |
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 1927
0.26 Acres 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 1927
0.26 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jayson Sumerix • CENTURY 21 LEE-MAC REALTY
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1935373
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.