31031 Champine StSaint Clair ShoresMI48082
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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 Saint Clair Shores at 31031 Champine St, Saint Clair Shores, MI, 48082 earns $756/mo cash flow from $2,602/mo rent with a $1,370/mo payment. Total monthly income totals $2,602/mo, and annual cash flow totals $9,074/yr on $92,787 capital. ROI tracks 29.69% on current figures, and rental yield reads 11.16% at a $279,900 purchase. Equity gained on principal adds $1,806/yr, and 5% annual appreciation supports $77,331 over five years. Five-year ROI reaches 155.86% and total cumulative return in cash sums $144,613. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,602/mo property income instead of your personal income.
Single Family
Built in 1963
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48082, Saint Clair Shores, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,636 (100%) |
| Owner Occupied HU | 6,360 (83.3%) |
| Renter Occupied HU | 998 (13.1%) |
| Vacant Housing Units | 278 ( 3.6%) |
| Median Home Value | $221,528 |
| Average Home Value | $271,960 |
Housing Distribution
Address Breakdown
Residential
7,496
Single Family
7,049
Multi-Family
447
Businesses
234
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Listed by: Kathy Marsh • Realty Executives Home Towne Shelby
Mls Name: MiRealSource
Mls ID: #50184240