33500 Meldrum StChesterfieldMI48047
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 Chesterfield at 33500 Meldrum St, Chesterfield, MI, 48047 uses $61,328 cash to close to unlock $4,602/yr annual cash flow and $384/mo monthly cash flow. Total monthly income runs $1,813/mo, and a $905/mo payment keeps the spread at $384/mo. Purchase price stands at $185,000, and rental yield measures 11.76% with $1,813/mo rent. Return on cash invested shows 27.41% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 145.11% and total cumulative return in cash records $88,995. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,813/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$210 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48047, New Baltimore, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,500 (100%) |
| Owner Occupied HU | 13,018 (78.9%) |
| Renter Occupied HU | 2,935 (17.8%) |
| Vacant Housing Units | 547 ( 3.3%) |
| Median Home Value | $331,383 |
| Average Home Value | $354,784 |
Housing Distribution
Address Breakdown
Residential
16,408
Single Family
15,958
Multi-Family
450
Businesses
771
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Denise Wesselmann • Berkshire Hathaway HomeServices Kee Realty Roch
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50190569
Disclaimer: Source MLS: MiRealSource Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. [Click here for more information](/mls-disclaimers/#261)