19984 Fairway DrGrosse Pointe WoodsMI48236
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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 Woods at 19984 Fairway Dr, Grosse Pointe Woods, MI, 48236 uses $86,190 cash to close to unlock $13,032/yr annual cash flow and $1,086/mo monthly cash flow. Total monthly income runs $2,801/mo, and a $1,273/mo payment keeps the spread at $1,086/mo. Purchase price stands at $260,000, and rental yield measures 12.93% with $2,801/mo rent. Return on cash invested shows 35.03% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 184.45% and total cumulative return in cash records $158,981. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,801/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1954
8,712 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
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Listed by: Erick Monzo • Keller Williams Realty-Great Lakes
Mls Name: Realcomp II
Mls ID: #20251038195