23746 Grove 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 23746 Grove St, Saint Clair Shores, MI, 48080 earns $260/mo cash flow from $2,238/mo rent with a $1,468/mo payment. Total monthly income totals $2,238/mo, and annual cash flow totals $3,122/yr on $99,417 capital. ROI tracks 23.05% on current figures, and rental yield reads 8.95% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 120.24% and total cumulative return in cash sums $119,536. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,238/mo property income instead of your personal income.
Single Family
Built in 1966
0.25 Acres 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 D Wellington • RE/MAX First
Mls Name: Realcomp II
Mls ID: #20251034971