21715 Alger StSaint Clair ShoresMI48080
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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
Rental property for sale in Saint Clair Shores at 21715 Alger St, Saint Clair Shores, MI, 48080 generates $1,994/mo in rent and, after a $1,027/mo payment, leaves $610/mo in cash flow. Total monthly income is $1,994/mo, and annual cash flow is $7,322/yr on $69,582 invested. Return on cash invested sits at 30.43% in year one, and rental yield is 11.4% on a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 159.86% and total cumulative return in cash sums $111,236. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,994/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48080, Saint Clair Shores, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,263 (100%) |
| Owner Occupied HU | 8,247 (73.2%) |
| Renter Occupied HU | 2,530 (22.5%) |
| Vacant Housing Units | 486 ( 4.3%) |
| Median Home Value | $218,438 |
| Average Home Value | $271,792 |
Housing Distribution
Address Breakdown
Residential
11,126
Single Family
9,753
Multi-Family
1,373
Businesses
1,120
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Listed by: James Lawson • RE/MAX First
Mls Name: MiRealSource
Mls ID: #50189259