193 1st St, Shelby, MI 49455

3 bd · 1 ba · 1,400 sqft · Shelby · SINGLE_FAMILY·source listing ↗

$190,000

rent, three ways

OnePercent model (vv1)$1,947/mo

p10–p90 confidence band

HUD Fair Market Rent · 49455 · 3BR$1,200/mo

Area comps median (last 90d)—

Area comps median (last 90d)

\u2014

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Oceana

Flood risk indexRelatively Moderate FEMA NRI

Median household income$63,621

Median area rent$694/mo

Median home value$177,900

the verdict

1.02%vs 1.0% target

financing: 20% down · — (FRED, live) · 30yr

$190,000

1.02% · rent $1,947

Intrinsic value · income approach

$226,753

16% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.