5645 Marsh RdShelbyvilleMI49344
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 Shelbyville at 5645 Marsh Rd, Shelbyville, MI, 49344 offers $2,098/mo rent that, after a $1,268/mo payment, leaves $390/mo cash flow. Total monthly income is $2,098/mo, and annual cash flow is $4,676/yr on $85,859 cash. Return on cash invested measures 25.36% in year one, and rental yield stands at 9.72% at a $259,000 entry. Equity gained on principal adds $1,671/yr while 5% annual appreciation compounds into $71,557 by year five. Five-year ROI records 132.59% and total cumulative return in cash reaches $113,836. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,098/mo property income versus a $1,268/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49344, Shelbyville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,847 (100%) |
| Owner Occupied HU | 1,280 (69.3%) |
| Renter Occupied HU | 200 (10.8%) |
| Vacant Housing Units | 367 (19.9%) |
| Median Home Value | $304,611 |
| Average Home Value | $352,563 |
Housing Distribution
Address Breakdown
Residential
1,713
Single Family
1,713
Multi-Family
0
Businesses
87
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Nearby investment properties with comparable prices
Listed by: Autumn Goggin • Keller Williams GR East
Mls Name: MichRIC
Mls Provider:
Mls ID: #24060942
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.