720 W Sherman StCaroMI48723
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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 Caro at 720 W Sherman St, Caro, MI, 48723 listed at $169,700 pairs $1,993/mo rent with a $831/mo payment to leave $874/mo cash flow. Total monthly income runs $1,993/mo, and annual cash flow reaches $10,482/yr on $56,256 cash to close. Return on cash invested measures 38.54% in year one, and rental yield registers 14.09% at a $169,700 basis. Equity gained on principal adds $1,095/yr, and annual property appreciation at 5% supports $46,885 by year five. Five-year ROI tracks 203.35% and total cumulative return in cash totals $114,395. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,993/mo property income relative to a $831/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1947
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48723, Caro, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,270 (100%) |
| Owner Occupied HU | 3,730 (70.8%) |
| Renter Occupied HU | 1,083 (20.6%) |
| Vacant Housing Units | 457 ( 8.7%) |
| Median Home Value | $147,264 |
| Average Home Value | $179,741 |
Housing Distribution
Address Breakdown
Residential
5,078
Single Family
4,873
Multi-Family
205
Businesses
460
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