412 Wilkinson StChelseaMI48118
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 Chelsea at 412 Wilkinson St, Chelsea, MI, 48118 priced at $314,900 converts $2,095/mo rent into $19/mo cash flow after a $1,541/mo obligation. Total monthly income equals $2,095/mo, and annual cash flow totals $224/yr on $104,389 invested. Return on cash invested prints 20.12% in year one, and rental yield reads 7.98% against a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation compiles into $87,001 by year five. Five-year ROI reaches 104.53% and total cumulative return in cash sums $109,114. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,095/mo property income covering a $1,541/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48118, Chelsea, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,643 (100%) |
| Owner Occupied HU | 4,566 (80.9%) |
| Renter Occupied HU | 713 (12.6%) |
| Vacant Housing Units | 364 ( 6.5%) |
| Median Home Value | $387,800 |
| Average Home Value | $457,408 |
Housing Distribution
Address Breakdown
Residential
5,786
Single Family
5,385
Multi-Family
401
Businesses
575
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