1464 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
Investment property for sale in Grosse Pointe Woods at 1464 Vernier Rd, Grosse Pointe Woods, MI, 48236 uses $44,222 cash to close to unlock $29,283/yr annual cash flow and $2,440/mo monthly cash flow. Total monthly income runs $3,320/mo, and a $653/mo payment keeps the spread at $2,440/mo. Purchase price stands at $133,400, and rental yield measures 29.87% with $3,320/mo rent. Return on cash invested shows 86.13% in year one, and 5% annual appreciation builds toward $36,856 over five years. Five-year ROI reaches 458.54% and total cumulative return in cash records $202,778. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,320/mo property income covering a $653/mo payment rather than investor’s personal income.
Single Family
Built in 1940
5,140 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A