8948 Chestnut Run 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 8948 Chestnut Run Dr, Shelby Township, MI, 48317 earns from $3,692/mo rent with a $2,765/mo payment. Total monthly income totals $3,692/mo. ROI tracks 19.85% on current figures, and rental yield reads 7.84% at a $564,900 purchase. Equity gained on principal adds $3,645/yr, and 5% annual appreciation supports $156,071 over five years. Five-year ROI reaches 103% and total cumulative return in cash sums $191,432. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,692/mo property income instead of your personal income.
Single Family
Built in 1993
0.34 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: Kristine Ferrell • Brookstone, Realtors LLC
Mls Name: Realcomp II
Mls ID: #20251052592