48764 Remer AveShelby TownshipMI48317
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
Investment property for sale in Shelby Township at 48764 Remer Ave, Shelby Township, MI, 48317 earns $263/mo cash flow from $3,290/mo rent with a $2,247/mo payment. Total monthly income totals $3,290/mo, and annual cash flow totals $3,152/yr on $152,159 capital. ROI tracks 21.98% on current figures, and rental yield reads 8.6% at a $459,000 purchase. Equity gained on principal adds $2,962/yr, and 5% annual appreciation supports $126,813 over five years. Five-year ROI reaches 114.48% and total cumulative return in cash sums $174,191. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,290/mo property income instead of your personal income.
Single Family
Built in 1985
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48317, Utica, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,984 (100%) |
| Owner Occupied HU | 7,748 (59.7%) |
| Renter Occupied HU | 4,607 (35.5%) |
| Vacant Housing Units | 629 ( 4.8%) |
| Median Home Value | $291,026 |
| Average Home Value | $319,278 |
Housing Distribution
Address Breakdown
Residential
12,700
Single Family
12,052
Multi-Family
648
Businesses
950
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joseph R Hayes • RE/MAX First
Mls Name: MiRealSource
Mls ID: #50182530