16262 Grandview DrMacombMI48044
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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 Macomb at 16262 Grandview Dr, Macomb, MI, 48044 offers a 11.95% rental yield on a $230,000 purchase with $2,291/mo rent. Total monthly income registers $2,291/mo, and a $1,126/mo payment leaves $549/mo available for distribution. Annual cash flow reaches $6,588/yr on $76,245 to close, and return on cash invested stands at 28.55% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 150.97% and total cumulative return in cash at $115,111. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,291/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2003
N/A lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48044, Macomb, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,325 (100%) |
| Owner Occupied HU | 18,201 (89.5%) |
| Renter Occupied HU | 1,855 ( 9.1%) |
| Vacant Housing Units | 269 ( 1.3%) |
| Median Home Value | $352,340 |
| Average Home Value | $355,760 |
Housing Distribution
Address Breakdown
Residential
20,629
Single Family
20,025
Multi-Family
604
Businesses
434
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Listed by: Sherry Bliss • RE/MAX New Image
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50182544
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