28012 Gladstone StSaint Clair ShoresMI48081
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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
Rental property for sale in Saint Clair Shores at 28012 Gladstone St, Saint Clair Shores, MI, 48081 generates $947/mo in rent and, after a $612/mo payment, leaves $123/mo in cash flow. Total monthly income is $947/mo, and annual cash flow is $1,470/yr on $41,438 invested. Return on cash invested sits at 23.46% in year one, and rental yield is 9.09% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 122.45% and total cumulative return in cash sums $50,741. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $947/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48081, Saint Clair Shores, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,416 (100%) |
| Owner Occupied HU | 7,883 (83.7%) |
| Renter Occupied HU | 1,203 (12.8%) |
| Vacant Housing Units | 330 ( 3.5%) |
| Median Home Value | $230,204 |
| Average Home Value | $275,013 |
Housing Distribution
Address Breakdown
Residential
9,382
Single Family
8,746
Multi-Family
636
Businesses
416
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Listed by: Robbin Barnes • Berkshire Hathaway HomeServices Kee Realty Wash
Mls Name: MiRealSource
Mls ID: #50185392