2202 Hollywood AveGrosse 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 2202 Hollywood Ave, Grosse Pointe Woods, MI, 48236 listed at $223,500 pairs $2,180/mo rent with a $1,094/mo payment to leave $706/mo cash flow. Total monthly income runs $2,180/mo, and annual cash flow reaches $8,473/yr on $74,090 cash to close. Return on cash invested measures 31.34% in year one, and rental yield registers 11.7% at a $223,500 basis. Equity gained on principal adds $1,442/yr, and annual property appreciation at 5% supports $61,749 by year five. Five-year ROI tracks 164.76% and total cumulative return in cash totals $122,070. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,180/mo property income relative to a $1,094/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1938
3,920 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: Andrew S Tymrak • RE/MAX First
Mls Name: Realcomp II
Mls ID: #20261003369