218 Devonwood Dr, Shelby, MI 49455

2 bd · 1 ba · 1,100 sqft · built 2005 · Shelby · CONDOS·source listing ↗

$149,000

rent, three ways

OnePercent model (vv1)$1,704/mo

p10–p90 confidence band

HUD Fair Market Rent · 49455 · 2BR$970/mo

Area comps median (last 90d)—

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

1.14%vs 0.8% target

wide confidence band

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

$149,000

1.14% · rent $1,704

Intrinsic value · income approach

$198,399

25% 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.