9148 Chelmsford DrSwartz CreekMI48473
Nearby investment properties with comparable rents
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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 Swartz Creek at 9148 Chelmsford Dr, Swartz Creek, MI, 48473 generates $1,612/mo in rent and, after a $1,175/mo payment, leaves $29/mo in cash flow. Total monthly income is $1,612/mo, and annual cash flow is $348/yr on $79,560 invested. Return on cash invested sits at 20.35% in year one, and rental yield is 8.06% on a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 105.7% and total cumulative return in cash sums $84,098. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,612/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48473, Swartz Creek, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,182 (100%) |
| Owner Occupied HU | 7,490 (81.6%) |
| Renter Occupied HU | 1,357 (14.8%) |
| Vacant Housing Units | 335 ( 3.6%) |
| Median Home Value | $226,477 |
| Average Home Value | $241,027 |
Housing Distribution
Address Breakdown
Residential
9,444
Single Family
8,912
Multi-Family
532
Businesses
349
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Listed by: Shanna L Meissner • Keller Williams First
Mls Name: MiRealSource
Mls ID: #50195959