28678 Chatham RdGrosse IleMI48138
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 Grosse Ile at 28678 Chatham Rd, Grosse Ile, MI, 48138 earns $1,139/mo cash flow from $4,370/mo rent with a $2,398/mo payment. Total monthly income totals $4,370/mo, and annual cash flow totals $13,670/yr on $162,402 capital. ROI tracks 28.33% on current figures, and rental yield reads 10.7% at a $489,900 purchase. Equity gained on principal adds $3,161/yr, and 5% annual appreciation supports $135,350 over five years. Five-year ROI reaches 148.53% and total cumulative return in cash sums $241,217. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,370/mo property income instead of your personal income.
Single Family
Built in 1974
0.42 Acres lot
$N/A/sqft
No 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: Scott Bzdok • Brookstone, Realtors LLC
Mls Name: Realcomp II
Mls ID: #20251034677