1000 Vernier RdGrosse Pointe WoodsMI48236
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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
Investment property for sale in Grosse Pointe Woods at 1000 Vernier Rd, Grosse Pointe Woods, MI, 48236 offers a 8.99% rental yield on a $249,900 purchase with $1,872/mo rent. Total monthly income registers $1,872/mo, and a $1,223/mo payment leaves $224/mo available for distribution. Annual cash flow reaches $2,690/yr on $82,842 to close, and return on cash invested stands at 23.16% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 120.84% and total cumulative return in cash at $100,106. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,872/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48236, Grosse Pointe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,855 (100%) |
| Owner Occupied HU | 11,100 (86.3%) |
| Renter Occupied HU | 1,173 ( 9.1%) |
| Vacant Housing Units | 582 ( 4.5%) |
| Median Home Value | $365,789 |
| Average Home Value | $440,877 |
Housing Distribution
Address Breakdown
Residential
12,630
Single Family
12,497
Multi-Family
133
Businesses
998
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Listed by: Michelle Volckaert • Lee Realty Inc.
Mls Name: MiRealSource
Mls ID: #50196119