938 W Francis Shores AveSanfordMI48657
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 Sanford at 938 W Francis Shores Ave, Sanford, MI, 48657 priced at $232,000 pairs $2,425/mo rent with $895/mo cash flow after a $1,136/mo payment. Total monthly income equals $2,425/mo, and annual cash flow comes to $10,735/yr on $76,908 invested. Return on cash invested is 33.87% in year one, and rental yield stands at 12.54% on a $232,000 basis. Equity gained on principal adds $1,497/yr, and 5% annual appreciation accumulates to $64,097 by year five. Five-year ROI measures 178.26% and total cumulative return in cash reaches $137,099. For financing, Ziffy Mortgage’s DSCR program evaluates $2,425/mo property income against a $1,136/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48657, Sanford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,698 (100%) |
| Owner Occupied HU | 3,015 (81.5%) |
| Renter Occupied HU | 372 (10.1%) |
| Vacant Housing Units | 311 ( 8.4%) |
| Median Home Value | $222,548 |
| Average Home Value | $272,885 |
Housing Distribution
Address Breakdown
Residential
3,522
Single Family
3,522
Multi-Family
0
Businesses
159
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