4612 Circle Inn DrShelbyvilleMI49344
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 Shelbyville at 4612 Circle Inn Dr, Shelbyville, MI, 49344 priced at $115,000 converts $1,800/mo rent into $366/mo cash flow after a $563/mo obligation. Total monthly income equals $1,800/mo, and annual cash flow totals $4,386/yr on $38,123 invested. Return on cash invested prints 31.41% in year one, and rental yield reads 18.78% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 172.87% and total cumulative return in cash sums $65,901. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $563/mo payment, not borrower’s personal income.
Manufactured
Built in 2022
N/A lot
$N/A/sqft
$676 monthly 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: Bradley Landman • Coldwell Banker AJS (Casc)
Mls Name: MichRIC
Mls Provider:
Mls ID: #24037346
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.