193 Devonwood DrShelbyMI49455
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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 at 193 Devonwood Dr, Shelby, MI, 49455 earns $124/mo cash flow from $1,532/mo rent with a $1,045/mo payment. Total monthly income totals $1,532/mo, and annual cash flow totals $1,489/yr on $70,775 capital. ROI tracks 22.01% on current figures, and rental yield reads 8.61% at a $213,500 purchase. Equity gained on principal adds $1,378/yr, and 5% annual appreciation supports $58,986 over five years. Five-year ROI reaches 114.73% and total cumulative return in cash sums $81,202. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,532/mo property income instead of your personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49455, Shelby, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,786 (100%) |
| Owner Occupied HU | 1,596 (57.3%) |
| Renter Occupied HU | 426 (15.3%) |
| Vacant Housing Units | 764 (27.4%) |
| Median Home Value | $188,406 |
| Average Home Value | $265,445 |
Housing Distribution
Address Breakdown
Residential
2,514
Single Family
2,426
Multi-Family
88
Businesses
169
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