70041 Sheridan DrEdwardsburgMI49112
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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 Edwardsburg at 70041 Sheridan Dr, Edwardsburg, MI, 49112 listed at $249,000 pairs $2,714/mo rent with a $1,219/mo payment to leave $1,072/mo cash flow. Total monthly income runs $2,714/mo, and annual cash flow reaches $12,860/yr on $82,544 cash to close. Return on cash invested measures 35.49% in year one, and rental yield registers 13.08% at a $249,000 basis. Equity gained on principal adds $1,607/yr, and annual property appreciation at 5% supports $68,794 by year five. Five-year ROI tracks 186.92% and total cumulative return in cash totals $154,292. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,714/mo property income relative to a $1,219/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49112, Edwardsburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,778 (100%) |
| Owner Occupied HU | 3,632 (76.0%) |
| Renter Occupied HU | 740 (15.5%) |
| Vacant Housing Units | 406 ( 8.5%) |
| Median Home Value | $262,234 |
| Average Home Value | $312,079 |
Housing Distribution
Address Breakdown
Residential
4,449
Single Family
4,409
Multi-Family
40
Businesses
239
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Listed by: Richard Shepardson • RE/MAX by the Lake
Mls Name: MichRIC
Mls Provider:
Mls ID: #24043420
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.