54880 Burlington DrShelby 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
Rental property for sale in Shelby Township at 54880 Burlington Dr, Shelby Township, MI, 48315 generates $3,232/mo in rent, after a $2,863/mo payment. Total monthly income is $3,232/mo. Return on cash invested sits at 16.16% in year one, and rental yield is 6.63% on a $585,000 entry. Equity gained on principal adds $3,775/yr, while 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 83.25% and total cumulative return in cash sums $160,218. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,232/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
0.30 Acres lot
$N/A/sqft
No 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: Bhavani Bharadwaj • Keller Williams Somerset
Mls Name: MichRIC
Mls ID: #25060802