49585 Bishop CtShelby TownshipMI48315
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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 Shelby Township at 49585 Bishop Ct, Shelby Township, MI, 48315 offers a 9.05% rental yield on a $230,000 purchase with $1,734/mo rent. Total monthly income registers $1,734/mo, and a $1,126/mo payment leaves $8/mo available for distribution. Annual cash flow reaches $96/yr on $76,245 to close, and return on cash invested stands at 20.03% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 105.25% and total cumulative return in cash at $80,251. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,734/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
N/A lot
$N/A/sqft
$209 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48315, Utica, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,660 (100%) |
| Owner Occupied HU | 9,734 (83.5%) |
| Renter Occupied HU | 1,562 (13.4%) |
| Vacant Housing Units | 364 ( 3.1%) |
| Median Home Value | $387,075 |
| Average Home Value | $384,918 |
Housing Distribution
Address Breakdown
Residential
11,656
Single Family
11,075
Multi-Family
581
Businesses
1,095
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Listed by: Carol Z Koepplin • W.C. Collins Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50185779
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