23208 Edsel Ford CtSaint Clair ShoresMI48080
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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
Investment property for sale in Saint Clair Shores at 23208 Edsel Ford Ct, Saint Clair Shores, MI, 48080 uses $61,328 cash to close to unlock $3,426/yr annual cash flow and $286/mo monthly cash flow. Total monthly income runs $1,505/mo, and a $905/mo payment keeps the spread at $286/mo. Purchase price stands at $185,000, and rental yield measures 9.76% with $1,505/mo rent. Return on cash invested shows 25.5% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 133.37% and total cumulative return in cash records $81,795. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,505/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
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: Lori Dolman • Berkshire Hathaway HomeServices Kee Realty NB
Mls Name: MiRealSource
Mls ID: #50196817