24239 Norway Rd Plan, Sylvan CrossingChelseaMI48118
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 24239 Norway Rd Plan, Sylvan Crossing, Chelsea, MI, 48118 offers a 9.14% rental yield on a $134,995 purchase with $1,028/mo rent. Total monthly income registers $1,028/mo, and a $661/mo payment leaves $138/mo available for distribution. Annual cash flow reaches $1,650/yr on $44,751 to close, and return on cash invested stands at 23.6% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,297 over five years. Portfolio math shows five-year ROI at 123.21% and total cumulative return in cash at $55,139. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,028/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
