296-298 Rivard BlvdGrosse PointeMI48230
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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
Total monthly income runs $2,586/mo, and a $1,958/mo payment. Purchase price stands at $400,000, and rental yield measures 7.76% with $2,586/mo rent. Return on cash invested shows 19.44% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 100.84% and total cumulative return in cash records $133,708. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,586/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Multi Family
Built in 1901
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48230, Grosse Pointe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,278 (100%) |
| Owner Occupied HU | 5,393 (74.1%) |
| Renter Occupied HU | 1,458 (20.0%) |
| Vacant Housing Units | 427 ( 5.9%) |
| Median Home Value | $465,224 |
| Average Home Value | $515,405 |
Housing Distribution
Address Breakdown
Residential
7,260
Single Family
7,029
Multi-Family
231
Businesses
377
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Listed by: Scott A Adlhoch • Adlhoch & Associates, REALTORS
Mls Name: MiRealSource
Mls ID: #50192234