8590 W Thomas StShelbyMI49455
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 8590 W Thomas St, Shelby, MI, 49455 in Shelby at $109,000 earns $827/mo in rent and nets $108/mo after the $490/mo payment, a 9.1% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $30,115 over five years. Ziffy Mortgage underwrites this on a 1.69 DSCR without U.S. credit history. With $1,004/yr in principal paydown, total projected return reaches $48,513.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 8.0% |
| Monthly Cash Flow | $108 | $500 |
City averages based on Shelby market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $827 |
| Total Monthly Debt Service | $675 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49455, Shelby, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,786 (100%) |
| Owner Occupied HU | 1,596 (57.3%) |
| Renter Occupied HU | 426 (15.3%) |
| Vacant Housing Units | 764 (27.4%) |
| Median Home Value | $188,406 |
| Average Home Value | $265,445 |
Housing Distribution
Address Breakdown
Residential
2,514
Single Family
2,426
Multi-Family
88
Businesses
169
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49455, Shelby, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,786 (100%) |
| Owner Occupied HU | 1,596 (57.3%) |
| Renter Occupied HU | 426 (15.3%) |
| Vacant Housing Units | 764 (27.4%) |
| Median Home Value | $188,406 |
| Average Home Value | $265,445 |
Housing Distribution
Address Breakdown
Residential
2,514
Single Family
2,426
Multi-Family
88
Businesses
169
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices