9197 Sheridan RdNew LothropMI48460
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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
Total monthly income runs $1,168/mo, and a $978/mo payment. Purchase price stands at $199,900, and rental yield measures 7.01% with $1,168/mo rent. Return on cash invested shows 17.2% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 88.88% and total cumulative return in cash records $58,897. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,168/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1931
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48460, New Lothrop, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 937 (100%) |
| Owner Occupied HU | 799 (85.3%) |
| Renter Occupied HU | 102 (10.9%) |
| Vacant Housing Units | 36 ( 3.8%) |
| Median Home Value | $237,022 |
| Average Home Value | $270,044 |
Housing Distribution
Address Breakdown
Residential
750
Single Family
716
Multi-Family
34
Businesses
42
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Listed by: Bridget R Brown-McKone • REMAX Edge
Mls Name: MiRealSource
Mls ID: #50191669