24239 Norway Rd #239ChelseaMI48118
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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 24239 Norway Rd #239, Chelsea, MI, 48118 listed at $134,995 pairs $1,039/mo rent with a $661/mo payment to leave $149/mo cash flow. Total monthly income runs $1,039/mo, and annual cash flow reaches $1,782/yr on $44,751 cash to close. Return on cash invested measures 23.89% in year one, and rental yield registers 9.24% at a $134,995 basis. Equity gained on principal adds $871/yr, and annual property appreciation at 5% supports $37,297 by year five. Five-year ROI tracks 124.77% and total cumulative return in cash totals $55,835. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,039/mo property income relative to a $661/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2026
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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