269 Aspen Hill DrShelbyMI49455
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
Rental property for sale in Shelby at 269 Aspen Hill Dr, Shelby, MI, 49455 priced at $224,000 pairs $3,779/mo rent with $2,302/mo cash flow after a $1,096/mo payment. Total monthly income equals $3,779/mo, and annual cash flow comes to $27,626/yr on $74,256 invested. Return on cash invested is 57.11% in year one, and rental yield stands at 20.24% on a $224,000 basis. Equity gained on principal adds $1,445/yr, and 5% annual appreciation accumulates to $61,887 by year five. Five-year ROI measures 302.92% and total cumulative return in cash reaches $224,935. For financing, Ziffy Mortgage’s DSCR program evaluates $3,779/mo property income against a $1,096/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2024
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49455, Shelby, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,786 (100%) |
| Owner Occupied HU | 1,596 (57.3%) |
| Renter Occupied HU | 426 (15.3%) |
| Vacant Housing Units | 764 (27.4%) |
| Median Home Value | $188,406 |
| Average Home Value | $265,445 |
Housing Distribution
Address Breakdown
Residential
2,514
Single Family
2,426
Multi-Family
88
Businesses
169
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