23002 Gary LnSaint 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 23002 Gary Ln, Saint Clair Shores, MI, 48080 offers a 11.82% rental yield on a $152,500 purchase with $1,502/mo rent. Total monthly income registers $1,502/mo, and a $746/mo payment leaves $497/mo available for distribution. Annual cash flow reaches $5,961/yr on $50,554 to close, and return on cash invested stands at 31.7% in year one. Equity gained on principal adds $984/yr while 5% annual appreciation supports $42,133 over five years. Portfolio math shows five-year ROI at 166.63% and total cumulative return in cash at $84,239. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,502/mo property income against a $746/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1948
N/A 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 Kaschalk • RE/MAX First
Mls Name: MiRealSource
Mls ID: #50196767