11891 Ovation CtShelby TownshipMI48315
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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 Shelby Township at 11891 Ovation Ct, Shelby Township, MI, 48315 listed at $1,020,160 pairs $4,796/mo rent with a $4,993/mo payment. Total monthly income runs $4,796/mo. Return on cash invested measures 13.36% in year one, and rental yield registers 5.64% at a $1,020,160 basis. Equity gained on principal adds $6,583/yr, and annual property appreciation at 5% supports $281,851 by year five. Five-year ROI tracks 68.16% and total cumulative return in cash totals $225,297. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,796/mo property income relative to a $4,993/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48315, Utica, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,660 (100%) |
| Owner Occupied HU | 9,734 (83.5%) |
| Renter Occupied HU | 1,562 (13.4%) |
| Vacant Housing Units | 364 ( 3.1%) |
| Median Home Value | $387,075 |
| Average Home Value | $384,918 |
Housing Distribution
Address Breakdown
Residential
11,656
Single Family
11,075
Multi-Family
581
Businesses
1,095
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Listed by: Todd McNulty • Arterra Realty Michigan LLC
Mls Name: MiRealSource
Mls ID: #50192191