1039 Somerset AveGrosse Pointe ParkMI48230
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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
Rental property for sale in Grosse Pointe Park at 1039 Somerset Ave, Grosse Pointe Park, MI, 48230 generates $1,709/mo in rent and, after a $1,174/mo payment, leaves $127/mo in cash flow. Total monthly income is $1,709/mo, and annual cash flow is $1,526/yr on $79,527 invested. Return on cash invested sits at 21.83% in year one, and rental yield is 8.55% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 113.72% and total cumulative return in cash sums $90,439. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,709/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48230, Grosse Pointe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,278 (100%) |
| Owner Occupied HU | 5,393 (74.1%) |
| Renter Occupied HU | 1,458 (20.0%) |
| Vacant Housing Units | 427 ( 5.9%) |
| Median Home Value | $465,224 |
| Average Home Value | $515,405 |
Housing Distribution
Address Breakdown
Residential
7,260
Single Family
7,029
Multi-Family
231
Businesses
377
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Listed by: Alfred M Block • RE/MAX First
Mls Name: Realcomp II
Mls ID: #20261002324