8311 Rhode DrShelby 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 8311 Rhode Dr, Shelby Township, MI, 48317 listed at $398,000 pairs $3,101/mo rent with a $1,948/mo payment to leave $476/mo cash flow. Total monthly income runs $3,101/mo, and annual cash flow reaches $5,717/yr on $131,937 cash to close. Return on cash invested measures 24.24% in year one, and rental yield registers 9.35% at a $398,000 basis. Equity gained on principal adds $2,568/yr, and annual property appreciation at 5% supports $109,960 by year five. Five-year ROI tracks 126.62% and total cumulative return in cash totals $167,064. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,101/mo property income relative to a $1,948/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1946
0.31 Acres 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: Gregory R Songer • Real Estate One Inc-Shelby
Mls Name: MiRealSource
Mls ID: #50182202