53234 Manchester AveShelby TownshipMI48316
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 Shelby Township at 53234 Manchester Ave, Shelby Township, MI, 48316 generates $1,901/mo in rent and, after a $1,165/mo payment, leaves $331/mo in cash flow. Total monthly income is $1,901/mo, and annual cash flow is $3,977/yr on $78,897 invested. Return on cash invested sits at 24.95% in year one, and rental yield is 9.58% on a $238,000 entry. Equity gained on principal adds $1,536/yr, while 5% annual appreciation builds toward $65,755 over five years. Five-year ROI reaches 130.44% and total cumulative return in cash sums $102,910. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,901/mo property income rather than buyer’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48316, Utica, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,054 (100%) |
| Owner Occupied HU | 9,236 (76.6%) |
| Renter Occupied HU | 2,342 (19.4%) |
| Vacant Housing Units | 476 ( 3.9%) |
| Median Home Value | $414,600 |
| Average Home Value | $442,483 |
Housing Distribution
Address Breakdown
Residential
12,138
Single Family
11,179
Multi-Family
959
Businesses
597
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Crystell Sullivan • Fosta Bahri Real Estate LLC
Mls Name: MiRealSource
Mls ID: #50196703