3968 England 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
Investment property for sale in Shelbyville at 3968 England Dr, Shelbyville, MI, 49344 uses $82,510 cash to close to unlock $11,074/yr annual cash flow and $923/mo monthly cash flow. Total monthly income runs $2,564/mo, and a $1,218/mo payment keeps the spread at $923/mo. Purchase price stands at $248,900, and rental yield measures 12.36% with $2,564/mo rent. Return on cash invested shows 33.33% in year one, and 5% annual appreciation builds toward $68,766 over five years. Five-year ROI reaches 175.35% and total cumulative return in cash records $144,685. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,564/mo property income covering a $1,218/mo payment rather than investor’s personal income.
Single Family
Built in 1972
8,276 sqft 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: Becky J Sheppard • Jaqua, REALTORS
Mls Name: MichRIC
Mls Provider:
Mls ID: #24034141
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.