3838 Sherman StBridgeportMI48722
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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
Investment Highlights
Investment property for sale in Bridgeport at 3838 Sherman St, Bridgeport, MI, 48722 offers a 11.87% rental yield on a $214,900 purchase with $2,125/mo rent. Total monthly income registers $2,125/mo, and a $1,052/mo payment leaves $708/mo available for distribution. Annual cash flow reaches $8,492/yr on $71,239 to close, and return on cash invested stands at 31.83% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 167.29% and total cumulative return in cash at $119,178. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,125/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1933
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48722, Bridgeport, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,457 (100%) |
| Owner Occupied HU | 1,178 (80.9%) |
| Renter Occupied HU | 196 (13.5%) |
| Vacant Housing Units | 83 ( 5.7%) |
| Median Home Value | $177,188 |
| Average Home Value | $214,958 |
Housing Distribution
Address Breakdown
Residential
1,305
Single Family
1,305
Multi-Family
0
Businesses
165
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Listed by: Jamie Broderick • eXp Realty
Mls Name: MiRealSource
Mls ID: #50187874