409 N 3rd StShepherdMI48883
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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
Rental property for sale in Shepherd at 409 N 3rd St, Shepherd, MI, 48883 generates $2,287/mo in rent and, after a $1,101/mo payment, leaves $804/mo in cash flow. Total monthly income is $2,287/mo, and annual cash flow is $9,642/yr on $74,588 invested. Return on cash invested sits at 32.84% in year one, and rental yield is 12.2% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 172.72% and total cumulative return in cash sums $128,829. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,287/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
9,147 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Kristi Bush • FIVE STAR REAL ESTATE - MT. PLEASANT
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1927089
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 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.