10228 Nancys Blvd APT 37Grosse IleMI48138
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ile at 10228 Nancys Blvd APT 37, Grosse Ile, MI, 48138 offers a 9.5% rental yield on a $129,900 purchase with $1,028/mo rent. Total monthly income registers $1,028/mo, and a $636/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,054/yr on $43,062 to close, and return on cash invested stands at 24.68% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 129.07% and total cumulative return in cash at $55,579. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,028/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48138, Grosse Ile, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,486 (100%) |
| Owner Occupied HU | 3,999 (89.1%) |
| Renter Occupied HU | 294 ( 6.6%) |
| Vacant Housing Units | 193 ( 4.3%) |
| Median Home Value | $391,254 |
| Average Home Value | $436,998 |
Housing Distribution
Address Breakdown
Residential
4,393
Single Family
4,023
Multi-Family
370
Businesses
224
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maze Mazraani • Mazraani Realty LLC
Mls Name: Realcomp II
Mls ID: #20251051296