777 E Condensery RdSheridanMI48884
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 777 E Condensery Rd, Sheridan, MI, 48884 offers $1,626/mo rent that, after a $783/mo payment, leaves $571/mo cash flow. Total monthly income is $1,626/mo, and annual cash flow is $6,852/yr on $53,040 cash. Return on cash invested measures 32.83% in year one, and rental yield stands at 12.2% at a $160,000 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,205 by year five. Five-year ROI records 172.65% and total cumulative return in cash reaches $91,574. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,626/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
1 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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