27880 Reo Rd APT DGrosse IleMI48138
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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 Grosse Ile at 27880 Reo Rd APT D, Grosse Ile, MI, 48138 offers a 6.35% rental yield on a $261,500 purchase with $1,384/mo rent. 53% in year one. Equity gained on principal adds $1,687/yr while 5% annual appreciation supports $72,248 over five years. Portfolio math shows five-year ROI at 59.77% and total cumulative return in cash at $51,812. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,384/mo property income against a $1,280/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
$265 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48138, Grosse Ile, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,486 (100%) |
| Owner Occupied HU | 3,999 (89.1%) |
| Renter Occupied HU | 294 ( 6.6%) |
| Vacant Housing Units | 193 ( 4.3%) |
| Median Home Value | $391,254 |
| Average Home Value | $436,998 |
Housing Distribution
Address Breakdown
Residential
4,393
Single Family
4,023
Multi-Family
370
Businesses
224
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Listed by: N/A • N/A
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