8389 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
Rental property for sale in Shelby Township at 8389 Rhode Dr, Shelby Township, MI, 48317 generates $2,965/mo in rent, after a $2,584/mo payment. Total monthly income is $2,965/mo. Return on cash invested sits at 16.49% in year one, and rental yield is 6.74% on a $528,000 entry. Equity gained on principal adds $3,407/yr, while 5% annual appreciation builds toward $145,877 over five years. Five-year ROI reaches 85.02% and total cumulative return in cash sums $147,699. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,965/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.69 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: Jonathan Minerick • HomeCoin.com
Mls Name: MiRealSource
Mls ID: #50185515