48923 Celeste DrChesterfieldMI48051
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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 Chesterfield at 48923 Celeste Dr, Chesterfield, MI, 48051 listed at $314,900 pairs $2,134/mo rent with a $1,541/mo payment to leave $58/mo cash flow. Total monthly income runs $2,134/mo, and annual cash flow reaches $692/yr on $104,389 cash to close. Return on cash invested measures 20.57% in year one, and rental yield registers 8.13% at a $314,900 basis. Equity gained on principal adds $2,032/yr, and annual property appreciation at 5% supports $87,001 by year five. Five-year ROI tracks 106.94% and total cumulative return in cash totals $111,634. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,134/mo property income relative to a $1,541/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1984
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48051, New Baltimore, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,506 (100%) |
| Owner Occupied HU | 6,264 (83.5%) |
| Renter Occupied HU | 986 (13.1%) |
| Vacant Housing Units | 256 ( 3.4%) |
| Median Home Value | $283,218 |
| Average Home Value | $286,672 |
Housing Distribution
Address Breakdown
Residential
7,817
Single Family
7,817
Multi-Family
0
Businesses
604
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Listed by: Thomas J. Figlan • Real Estate One Chesterfield
Mls Name: MiRealSource
Mls ID: #50182855