56643 Longhorn 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
Investment property for sale in Shelby Township at 56643 Longhorn Dr, Shelby Township, MI, 48316 earns $313/mo cash flow from $2,456/mo rent with a $1,591/mo payment. Total monthly income totals $2,456/mo, and annual cash flow totals $3,750/yr on $107,738 capital. ROI tracks 23.39% on current figures, and rental yield reads 9.07% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 122.05% and total cumulative return in cash sums $131,497. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,456/mo property income instead of your personal income.
Condo
Built in 2005
27.05 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: Mark J Scully • Berkshire Hathaway HomeServices Kee Realty
Mls Name: MiRealSource
Mls ID: #50184411