166 Lewiston RdGrosse Pointe FarmsMI48236
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 Farms at 166 Lewiston Rd, Grosse Pointe Farms, MI, 48236 offers $6,224/mo rent that, after a $8,218/mo payment. Total monthly income is $6,224/mo. Return on cash invested measures 9.67% in year one, and rental yield stands at 4.45% at a $1,679,000 entry. Equity gained on principal adds $10,834/yr while 5% annual appreciation compounds into $463,877 by year five. Five-year ROI records 48.41% and total cumulative return in cash reaches $263,330. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,224/mo property income versus a $8,218/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.38 Acres 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: Alex M. Lucido • Lucido and Associates, Inc
Mls Name: MiRealSource
Mls ID: #50194931