4111 E Joy RdShelbyvilleMI49344
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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 4111 E Joy Rd, Shelbyville, MI, 49344 earns from $1,543/mo rent with a $1,786/mo payment. Total monthly income totals $1,543/mo. ROI tracks 11.35% on current figures, and rental yield reads 5.07% at a $365,000 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 over five years. Five-year ROI reaches 57.47% and total cumulative return in cash sums $69,535. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,543/mo property income instead of your personal income.
Single Family
Built in 1968
7,840 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: Nichole J Andree • Key Realty
Mls Name: MichRIC
Mls ID: #25033274