13488 Independence AveShelby 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
Rental property for sale in Shelby Township at 13488 Independence Ave, Shelby Township, MI, 48315 generates $2,926/mo in rent and, after a $1,958/mo payment, leaves $286/mo in cash flow. Total monthly income is $2,926/mo, and annual cash flow is $3,431/yr on $132,600 invested. Return on cash invested sits at 22.5% in year one, and rental yield is 8.78% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 117.24% and total cumulative return in cash sums $155,464. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,926/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.47 Acres lot
$N/A/sqft
$25 annually 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: Sean J Yousif • Keller Williams Realty Lakeside
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50176566
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