4392 S Sheridan RdSheridanMI48884
Nearby investment properties with comparable rents
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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 Sheridan at 4392 S Sheridan Rd, Sheridan, MI, 48884 priced at $230,000 converts $1,984/mo rent into $467/mo cash flow after a $1,126/mo obligation. Total monthly income equals $1,984/mo, and annual cash flow totals $5,604/yr on $76,245 invested. Return on cash invested prints 27.26% in year one, and rental yield reads 10.35% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 142.77% and total cumulative return in cash sums $108,859. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,984/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.51 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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