22830 Lincoln CtSaint Clair ShoresMI48082
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 22830 Lincoln Ct, Saint Clair Shores, MI, 48082 generates $1,365/mo in rent and, after a $832/mo payment, leaves $244/mo in cash flow. Total monthly income is $1,365/mo, and annual cash flow is $2,930/yr on $56,322 invested. Return on cash invested sits at 25.11% in year one, and rental yield is 9.64% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 131.33% and total cumulative return in cash sums $73,970. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,365/mo property income rather than buyer’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48082, Saint Clair Shores, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,636 (100%) |
| Owner Occupied HU | 6,360 (83.3%) |
| Renter Occupied HU | 998 (13.1%) |
| Vacant Housing Units | 278 ( 3.6%) |
| Median Home Value | $221,528 |
| Average Home Value | $271,960 |
Housing Distribution
Address Breakdown
Residential
7,496
Single Family
7,049
Multi-Family
447
Businesses
234
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Austin Lorentzen • Elementary Homes, LLC.
Mls Name: MichRIC
Mls ID: #25034560