24196 Cypress Rd #196ChelseaMI48118
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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 Chelsea at 24196 Cypress Rd #196, Chelsea, MI, 48118 generates $1,080/mo in rent and, after a $685/mo payment, leaves $157/mo in cash flow. Total monthly income is $1,080/mo, and annual cash flow is $1,884/yr on $46,408 invested. Return on cash invested sits at 23.97% in year one, and rental yield is 9.26% on a $139,995 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,678 over five years. Five-year ROI reaches 125.25% and total cumulative return in cash sums $58,125. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,080/mo property income rather than buyer’s personal income.
Manufactured
Built in 2025
N/A 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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