7109 Lake Shore DrChelseaMI48118
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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 Chelsea at 7109 Lake Shore Dr, Chelsea, MI, 48118 earns $67/mo cash flow from $3,173/mo rent with a $2,305/mo payment. Total monthly income totals $3,173/mo, and annual cash flow totals $808/yr on $156,137 capital. ROI tracks 20.43% on current figures, and rental yield reads 8.08% at a $471,000 purchase. Equity gained on principal adds $3,039/yr, and 5% annual appreciation supports $130,129 over five years. Five-year ROI reaches 106.16% and total cumulative return in cash sums $165,755. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,173/mo property income instead of your personal income.
Single Family
Built in 1970
1.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48118, Chelsea, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,643 (100%) |
| Owner Occupied HU | 4,566 (80.9%) |
| Renter Occupied HU | 713 (12.6%) |
| Vacant Housing Units | 364 ( 6.5%) |
| Median Home Value | $387,800 |
| Average Home Value | $457,408 |
Housing Distribution
Address Breakdown
Residential
5,786
Single Family
5,385
Multi-Family
401
Businesses
575
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