12597 Blue Lagoon RdShelbyvilleMI49344
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 12597 Blue Lagoon Rd, Shelbyville, MI, 49344 in Shelbyville. Rental yield 4.72%. At $610,000 with 4.72% gross yield, current distributions are modest, but the 5% appreciation rate projects $168,532 in new equity by year five, complemented by $5,618/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.87) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $127,948.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.7% | 8.0% |
| Monthly Cash Flow | $(1,623) | $650 |
City averages based on Shelbyville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,400 |
| Total Monthly Debt Service | $3,780 |
| DSCR Ratio | 0.63x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2004
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49344, Shelbyville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,847 (100%) |
| Owner Occupied HU | 1,280 (69.3%) |
| Renter Occupied HU | 200 (10.8%) |
| Vacant Housing Units | 367 (19.9%) |
| Median Home Value | $304,611 |
| Average Home Value | $352,563 |
Housing Distribution
Address Breakdown
Residential
1,713
Single Family
1,713
Multi-Family
0
Businesses
87
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
Single Family
Built in 2004
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49344, Shelbyville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,847 (100%) |
| Owner Occupied HU | 1,280 (69.3%) |
| Renter Occupied HU | 200 (10.8%) |
| Vacant Housing Units | 367 (19.9%) |
| Median Home Value | $304,611 |
| Average Home Value | $352,563 |
Housing Distribution
Address Breakdown
Residential
1,713
Single Family
1,713
Multi-Family
0
Businesses
87
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MichRIC
Mls ID: #26009674