23700 Joy StSaint Clair ShoresMI48082
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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 23700 Joy St, Saint Clair Shores, MI, 48082 uses $91,163 cash to close to unlock $3,246/yr annual cash flow and $271/mo monthly cash flow. Total monthly income runs $2,084/mo, and a $1,346/mo payment keeps the spread at $271/mo. Purchase price stands at $275,000, and rental yield measures 9.09% with $2,084/mo rent. Return on cash invested shows 23.47% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 122.48% and total cumulative return in cash records $111,659. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,084/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1960
8,712 sqft 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
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Listed by: Michael Fazio • American Real Estate Services
Mls Name: MichRIC
Mls ID: #25058596