22506 Norcrest DrSaint 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
Investment property for sale in Saint Clair Shores at 22506 Norcrest Dr, Saint Clair Shores, MI, 48080 earns $379/mo cash flow from $2,482/mo rent with a $1,561/mo payment. Total monthly income totals $2,482/mo, and annual cash flow totals $4,544/yr on $105,749 capital. ROI tracks 24.21% on current figures, and rental yield reads 9.34% at a $319,000 purchase. Equity gained on principal adds $2,058/yr, and 5% annual appreciation supports $88,134 over five years. Five-year ROI reaches 126.43% and total cumulative return in cash sums $133,693. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,482/mo property income instead of your personal income.
Single Family
Built in 1956
6,098 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: Janet Hull • Real Estate One Inc-Shelby
Mls Name: MiRealSource
Mls ID: #50196690