5670 Shanty Creek Rd #3BellaireMI49615
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing5670 Shanty Creek Rd #3, Bellaire, MI, 49615 in Bellaire is a stable, well-positioned rental at $374,900. Rental yield 6.23%. DSCR 1.15 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $103,578 in value and $3,453/yr in principal paydown builds equity, a total projected return of $73,559.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.2% | 6.0% |
| Monthly Cash Flow | $(1,116) | $800 |
City averages based on Bellaire market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,946 |
| Total Monthly Debt Service | $2,913 |
| DSCR Ratio | 0.67x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1997
N/A lot
$N/A/sqft
$7,082 annually HOA
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
Condo
Built in 1997
N/A lot
$N/A/sqft
$7,082 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Deborah Alexander • Alexander North Properties
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1934333
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.