51165 Elly 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
Rental property for sale in Chesterfield at 51165 Elly Dr, Chesterfield, MI, 48051 generates $1,981/mo in rent and, after a $1,192/mo payment, leaves $375/mo in cash flow. Total monthly income is $1,981/mo, and annual cash flow is $4,501/yr on $80,720 invested. Return on cash invested sits at 25.48% in year one, and rental yield is 9.76% on a $243,500 entry. Equity gained on principal adds $1,571/yr, while 5% annual appreciation builds toward $67,275 over five years. Five-year ROI reaches 133.32% and total cumulative return in cash sums $107,613. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,981/mo property income rather than buyer’s personal income.
Condo
Built in 1996
N/A 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: Rita Vermeersch • Berkshire Hathaway HomeServices Kee Realty
Mls Name: MiRealSource
Mls ID: #50181004