16818 Saint Paul St, Grosse Pointe Park, MI, 48230 | $938/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Grosse Pointe Park at 16818 Saint Paul St, Grosse Pointe Park, MI, 48230 offers a 10.95% rental yield on a $519,000 purchase with $4,735/mo rent. Total monthly income registers $4,735/mo, and a $2,540/mo payment leaves $938/mo available for distribution. Annual cash flow reaches $11,252/yr on $170,751 to close, and return on cash invested stands at 26.65% in year one. Equity gained on principal adds $3,349/yr while 5% annual appreciation supports $143,390 over five years. Portfolio math shows five-year ROI at 140.46% and total cumulative return in cash at $239,829. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,735/mo property income against a $2,540/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1928

1,742 sqft lot

$N/A/sqft

$375 monthly 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