6596 S Grow RdSheridanMI48884
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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 6596 S Grow Rd, Sheridan, MI, 48884 offers a 9.47% rental yield on a $240,000 purchase with $1,895/mo rent. Total monthly income registers $1,895/mo, and a $1,175/mo payment leaves $312/mo available for distribution. Annual cash flow reaches $3,744/yr on $79,560 to close, and return on cash invested stands at 24.61% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 128.6% and total cumulative return in cash at $102,314. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,895/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1870
1.50 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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