6247 Cheltenham DrTemperanceMI48182
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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 Temperance at 6247 Cheltenham Dr, Temperance, MI, 48182 offers a 12.86% rental yield on a $275,000 purchase with $2,948/mo rent. Total monthly income registers $2,948/mo, and a $1,346/mo payment leaves $1,135/mo available for distribution. Annual cash flow reaches $13,614/yr on $91,163 to close, and return on cash invested stands at 34.84% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 183.48% and total cumulative return in cash at $167,267. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,948/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48182, Temperance, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,855 (100%) |
| Owner Occupied HU | 8,042 (81.6%) |
| Renter Occupied HU | 1,499 (15.2%) |
| Vacant Housing Units | 314 ( 3.2%) |
| Median Home Value | $269,058 |
| Average Home Value | $288,379 |
Housing Distribution
Address Breakdown
Residential
9,133
Single Family
8,790
Multi-Family
343
Businesses
368
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Listed by: Patrick Brady • The Danberry Company - Temperance
Mls Name: MiRealSource
Mls ID: #50193039