189 Cloverly RdGrosse Pointe FarmsMI48236
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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
Investment Highlights
Investment property for sale in Grosse Pointe Farms at 189 Cloverly Rd, Grosse Pointe Farms, MI, 48236 at $1,998,000 posts ROI 11.84% with from $8,574/mo rent. Total monthly income equals $8,574/mo. Return on cash invested measures 11.84% and rental yield reads 5.15% at the current $1,998,000. Equity gained on principal adds $12,893/yr, and 5% annual appreciation supports $552,011 by year five. Five-year ROI prints 60.02% and total cumulative return in cash totals $388,527. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $8,574/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1927
0.80 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: Michael J. Fikany • James R. Fikany Real Estate Co
Mls Name: MiRealSource
Mls ID: #50146034