23006 Doremus StSaint 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 23006 Doremus St, Saint Clair Shores, MI, 48080 uses $38,089 cash to close to unlock $1,616/yr annual cash flow and $135/mo monthly cash flow. Total monthly income runs $892/mo, and a $562/mo payment keeps the spread at $135/mo. Purchase price stands at $114,900, and rental yield measures 9.32% with $892/mo rent. Return on cash invested shows 24.15% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 126.18% and total cumulative return in cash records $48,062. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $892/mo property income covering a $562/mo payment rather than investor’s personal income.
Condo
Built in 1982
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: Paul Hoeberling • Lakeshore Realty Company
Mls Name: Realcomp II
Mls ID: #20251032192