2681 S Geneva Lake DrShelbyvilleMI49344
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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 Shelbyville at 2681 S Geneva Lake Dr, Shelbyville, MI, 49344 offers $1,240/mo rent that, after a $1,346/mo payment. Total monthly income is $1,240/mo. Return on cash invested measures 12.36% in year one, and rental yield stands at 5.41% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 62.91% and total cumulative return in cash reaches $57,347. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,240/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
1.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49344, Shelbyville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,847 (100%) |
| Owner Occupied HU | 1,280 (69.3%) |
| Renter Occupied HU | 200 (10.8%) |
| Vacant Housing Units | 367 (19.9%) |
| Median Home Value | $304,611 |
| Average Home Value | $352,563 |
Housing Distribution
Address Breakdown
Residential
1,713
Single Family
1,713
Multi-Family
0
Businesses
87
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Listed by: Greg S Miller • Berkshire Hathaway HomeServices MI
Mls Name: MichRIC
Mls ID: #25036936