Cash Flow Investment. Monthly Rental Income pf $3,250 less monthly utility bills of $800 = $2,450 of monthly revenue. After annual taxes and insurance there will be plenty of free cash flow! Square footage is estimated from the public records.
Shelby is located in Michigan. Shelby, Michigan has a population of 2,256. Shelby is more family-centric than the surrounding county with 37.81% of the households containing married families with children. The county average for households married with children is 26.42%.
The median household income in Shelby, Michigan is $41,027. The median household income for the surrounding county is $44,382 compared to the national median of $57,652. The median age of people living in Shelby is 31.2 years.
The average high temperature in July is 80 degrees, with an average low temperature in January of 15.7 degrees. The average rainfall is approximately 35.3 inches per year, with 75.6 inches of snow per year.