7297 Arborvitae CtShelby 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
Rental property for sale in Shelby Township at 7297 Arborvitae Ct, Shelby Township, MI, 48316 priced at $970,000 converts $5,714/mo rent into after a $4,748/mo obligation. Total monthly income equals $5,714/mo. Return on cash invested prints 17.41% in year one, and rental yield reads 7.07% against a $970,000 entry. Equity gained on principal adds $6,259/yr, while 5% annual appreciation compiles into $267,993 by year five. Five-year ROI reaches 89.98% and total cumulative return in cash sums $287,153. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,714/mo property income covering a $4,748/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.56 Acres lot
$N/A/sqft
$260 annually 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: Charles G D'Luge • Real Estate One Chesterfield
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50095337
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