22229 E Eleven Mile RdSaint Clair ShoresMI48081
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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 Saint Clair Shores at 22229 E Eleven Mile Rd, Saint Clair Shores, MI, 48081 uses $68,289 cash to close to unlock $826/yr annual cash flow and $69/mo monthly cash flow. Total monthly income runs $1,427/mo, and a $1,008/mo payment keeps the spread at $69/mo. Purchase price stands at $206,000, and rental yield measures 8.31% with $1,427/mo rent. Return on cash invested shows 21.12% in year one, and 5% annual appreciation builds toward $56,914 over five years. Five-year ROI reaches 109.87% and total cumulative return in cash records $75,032. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,427/mo property income covering a $1,008/mo payment rather than investor’s personal income.
Condo
Built in 1992
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48081, Saint Clair Shores, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,416 (100%) |
| Owner Occupied HU | 7,883 (83.7%) |
| Renter Occupied HU | 1,203 (12.8%) |
| Vacant Housing Units | 330 ( 3.5%) |
| Median Home Value | $230,204 |
| Average Home Value | $275,013 |
Housing Distribution
Address Breakdown
Residential
9,382
Single Family
8,746
Multi-Family
636
Businesses
416
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Listed by: Larry A. Gallo • Real Estate One Chesterfield
Mls Name: MiRealSource
Mls ID: #50194378