Grand Charlotte II Plan, Preston Corners ManorsShelby TownshipMI48315
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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 Grand Charlotte II Plan, Preston Corners Manors, Shelby Township, MI, 48315 priced at $644,900 converts $1,709/mo rent into after a $3,156/mo obligation. Total monthly income equals $1,709/mo. Return on cash invested prints 5.36% in year one, and rental yield reads 3.18% against a $644,900 entry. Equity gained on principal adds $4,161/yr, while 5% annual appreciation compiles into $178,174 by year five. Five-year ROI reaches 25.47% and total cumulative return in cash sums $54,032. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,709/mo property income covering a $3,156/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$55 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48315, Utica, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,660 (100%) |
| Owner Occupied HU | 9,734 (83.5%) |
| Renter Occupied HU | 1,562 (13.4%) |
| Vacant Housing Units | 364 ( 3.1%) |
| Median Home Value | $387,075 |
| Average Home Value | $384,918 |
Housing Distribution
Address Breakdown
Residential
11,656
Single Family
11,075
Multi-Family
581
Businesses
1,095
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Listed by: N/A • MJC Companies
Mls Name: MJC Companies
Mls ID: #N/A