3211 Wood Duck DrSheridanMI48884
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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
Investment property for sale in Sheridan at 3211 Wood Duck Dr, Sheridan, MI, 48884 uses $39,117 cash to close to unlock $2,045/yr annual cash flow and $170/mo monthly cash flow. Total monthly income runs $949/mo, and a $578/mo payment keeps the spread at $170/mo. Purchase price stands at $118,000, and rental yield measures 9.65% with $949/mo rent. Return on cash invested shows 25.14% in year one, and 5% annual appreciation builds toward $32,601 over five years. Five-year ROI reaches 131.49% and total cumulative return in cash records $51,435. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $949/mo property income covering a $578/mo payment rather than investor’s personal income.
Manufactured
Built in 1985
0.55 Acres 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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