23930 Elmira StSaint Clair ShoresMI48082
Nearby investment properties with comparable rents
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 23930 Elmira St, Saint Clair Shores, MI, 48082 earns $264/mo cash flow from $1,490/mo rent with a $910/mo payment. Total monthly income totals $1,490/mo, and annual cash flow totals $3,168/yr on $61,626 capital. ROI tracks 25.05% on current figures, and rental yield reads 9.62% at a $185,900 purchase. Equity gained on principal adds $1,200/yr, and 5% annual appreciation supports $51,361 over five years. Five-year ROI reaches 130.93% and total cumulative return in cash sums $80,685. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,490/mo property income instead of your personal income.
Single Family
Built in 1929
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Iman Elsibai • Keller Williams Legacy
Mls Name: Realcomp II
Mls ID: #20251055109