7223 N Central ParkShelby TownshipMI48317
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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 7223 N Central Park, Shelby Township, MI, 48317 uses $116,025 cash to close to unlock $1,164/yr annual cash flow and $97/mo monthly cash flow. Total monthly income runs $2,405/mo, and a $1,713/mo payment keeps the spread at $97/mo. Purchase price stands at $349,999, and rental yield measures 8.25% with $2,405/mo rent. Return on cash invested shows 20.91% in year one, and 5% annual appreciation builds toward $96,698 over five years. Five-year ROI reaches 108.73% and total cumulative return in cash records $126,158. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,405/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 2010
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48317, Utica, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,984 (100%) |
| Owner Occupied HU | 7,748 (59.7%) |
| Renter Occupied HU | 4,607 (35.5%) |
| Vacant Housing Units | 629 ( 4.8%) |
| Median Home Value | $291,026 |
| Average Home Value | $319,278 |
Housing Distribution
Address Breakdown
Residential
12,700
Single Family
12,052
Multi-Family
648
Businesses
950
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Listed by: Rimi Hirmiz • Platinum Home Realty
Mls Name: Realcomp II
Mls ID: #20251047488