238 Harrison StChelseaMI48118
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
Investment Highlights
Investment property for sale in Chelsea at 238 Harrison St, Chelsea, MI, 48118 with 5% annual appreciation on a $499,000 basis while $3,455/mo rent supports operations. Total monthly income totals $3,455/mo and a $2,442/mo payment preserves $165/mo for cash returns. Annual cash flow comes to $1,976/yr on $165,419 deployed, and return on cash invested reaches 21.1% in year one. Equity gained on principal adds $3,220/yr, and five-year appreciation sums $137,865 alongside rental yield of 8.31%. Five-year ROI measures 109.78% and total cumulative return in cash totals $181,602.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,455/mo property income versus a $2,442/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1898
6,534 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
