3905 W Sheldon RdCarsonvilleMI48419
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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 Carsonville at 3905 W Sheldon Rd, Carsonville, MI, 48419 offers a 9.38% rental yield on a $135,995 purchase with $1,063/mo rent. Total monthly income registers $1,063/mo, and a $666/mo payment leaves $166/mo available for distribution. Annual cash flow reaches $1,990/yr on $45,082 to close, and return on cash invested stands at 24.32% in year one. Equity gained on principal adds $878/yr while 5% annual appreciation supports $37,573 over five years. Portfolio math shows five-year ROI at 127.08% and total cumulative return in cash at $57,289. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,063/mo property income against a $666/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48419, Carsonville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,318 (100%) |
| Owner Occupied HU | 808 (61.3%) |
| Renter Occupied HU | 150 (11.4%) |
| Vacant Housing Units | 360 (27.3%) |
| Median Home Value | $216,818 |
| Average Home Value | $269,087 |
Housing Distribution
Address Breakdown
Residential
1,128
Single Family
1,128
Multi-Family
0
Businesses
35
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Listed by: Joan Schinderle-King • Realty Executives Home Towne Chesterfield
Mls Name: MiRealSource
Mls ID: #50191298