380 E Central AveShepherdMI48883
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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 Shepherd at 380 E Central Ave, Shepherd, MI, 48883 uses $76,245 cash to close to unlock $1,536/yr annual cash flow and $128/mo monthly cash flow. Total monthly income runs $1,645/mo, and a $1,126/mo payment keeps the spread at $128/mo. Purchase price stands at $230,000, and rental yield measures 8.58% with $1,645/mo rent. Return on cash invested shows 21.92% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 114.18% and total cumulative return in cash records $87,055. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,645/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.35 Acres lot
$N/A/sqft
No HOA
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Listed by: Josh Theisen • FIRST CHOICE REALTY
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1930807
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.