279 Kenwood CtGrosse Pointe FarmsMI48236
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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 Grosse Pointe Farms at 279 Kenwood Ct, Grosse Pointe Farms, MI, 48236 listed at $499,950 pairs $2,954/mo rent with a $2,447/mo payment. Total monthly income runs $2,954/mo. Return on cash invested measures 17.43% in year one, and rental yield registers 7.09% at a $499,950 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,127 by year five. Five-year ROI tracks 90.07% and total cumulative return in cash totals $149,284. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,954/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1929
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48236, Grosse Pointe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,855 (100%) |
| Owner Occupied HU | 11,100 (86.3%) |
| Renter Occupied HU | 1,173 ( 9.1%) |
| Vacant Housing Units | 582 ( 4.5%) |
| Median Home Value | $365,789 |
| Average Home Value | $440,877 |
Housing Distribution
Address Breakdown
Residential
12,630
Single Family
12,497
Multi-Family
133
Businesses
998
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Listed by: Maudi Moody • Lucido and Associates, Inc
Mls Name: MiRealSource
Mls ID: #50185148