17240 Garvey RdChelseaMI48118
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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 Chelsea at 17240 Garvey Rd, Chelsea, MI, 48118 earns $20/mo cash flow from $1,635/mo rent with a $1,199/mo payment. Total monthly income totals $1,635/mo, and annual cash flow totals $234/yr on $81,218 capital. ROI tracks 20.2% on current figures, and rental yield reads 8.01% at a $245,000 purchase. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 over five years. Five-year ROI reaches 104.93% and total cumulative return in cash sums $85,224. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,635/mo property income instead of your personal income.
Single Family
Built in 1975
2.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48118, Chelsea, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,643 (100%) |
| Owner Occupied HU | 4,566 (80.9%) |
| Renter Occupied HU | 713 (12.6%) |
| Vacant Housing Units | 364 ( 6.5%) |
| Median Home Value | $387,800 |
| Average Home Value | $457,408 |
Housing Distribution
Address Breakdown
Residential
5,786
Single Family
5,385
Multi-Family
401
Businesses
575
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