54888 Ridgeview DrShelby TownshipMI48316
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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 54888 Ridgeview Dr, Shelby Township, MI, 48316 generates $5,869/mo in rent and, after a $3,323/mo payment, leaves $1,392/mo in cash flow. Total monthly income is $5,869/mo, and annual cash flow is $16,700/yr on $223,391 invested. Return on cash invested sits at 27.54% in year one, and rental yield is 10.37% on a $679,000 entry. Equity gained on principal adds $4,381/yr, while 5% annual appreciation builds toward $187,595 over five years. Five-year ROI reaches 144.24% and total cumulative return in cash sums $322,223. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,869/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
0.51 Acres 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
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Listed by: Nada Denha • Park Side & Company LLC
Mls Name: MiRealSource
Mls ID: #50197077