1111 Wayburn StGrosse 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
Investment property for sale in Grosse Pointe Park at 1111 Wayburn St, Grosse Pointe Park, MI, 48230 uses $37,725 cash to close to unlock $14,730/yr annual cash flow and $1,228/mo monthly cash flow. Total monthly income runs $1,978/mo, and a $557/mo payment keeps the spread at $1,228/mo. Purchase price stands at $113,800, and rental yield measures 20.86% with $1,978/mo rent. Return on cash invested shows 58.96% in year one, and 5% annual appreciation builds toward $31,441 over five years. Five-year ROI reaches 312.83% and total cumulative return in cash records $118,013. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,978/mo property income covering a $557/mo payment rather than investor’s personal income.
Multi Family
Built in 1923
3,049 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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