1232 Vernier RdGrosse Pointe WoodsMI48236
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
Rental property for sale in Grosse Pointe Woods at 1232 Vernier Rd, Grosse Pointe Woods, MI, 48236 priced at $200,000 converts $1,423/mo rent into $104/mo cash flow after a $979/mo obligation. Total monthly income equals $1,423/mo, and annual cash flow totals $1,248/yr on $66,300 invested. Return on cash invested prints 21.79% in year one, and rental yield reads 8.54% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 113.46% and total cumulative return in cash sums $75,224. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,423/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1950
5,227 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: Christopher Griffin • Keller Williams Realty Lakeside
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50168709
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