926 124th AveShelbyvilleMI49344
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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 Shelbyville at 926 124th Ave, Shelbyville, MI, 49344 generates $1,661/mo in rent and, after a $1,052/mo payment, leaves $244/mo in cash flow. Total monthly income is $1,661/mo, and annual cash flow is $2,922/yr on $71,273 invested. Return on cash invested sits at 24.01% in year one, and rental yield is 9.27% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 125.39% and total cumulative return in cash sums $89,365. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,661/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49344, Shelbyville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,847 (100%) |
| Owner Occupied HU | 1,280 (69.3%) |
| Renter Occupied HU | 200 (10.8%) |
| Vacant Housing Units | 367 (19.9%) |
| Median Home Value | $304,611 |
| Average Home Value | $352,563 |
Housing Distribution
Address Breakdown
Residential
1,713
Single Family
1,713
Multi-Family
0
Businesses
87
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Listed by: Ruth A Seif • Great Lakes Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25037559
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.