319 Rivard BlvdGrosse PointeMI48230
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 Pointe at 319 Rivard Blvd, Grosse Pointe, MI, 48230 at $340,500 posts ROI 37.93% with $1,695/mo cash flow from $3,941/mo rent. Total monthly income equals $3,941/mo, and annual cash flow records $20,342/yr on $112,876 to close. Return on cash invested measures 37.93% and rental yield reads 13.89% at the current $340,500. Equity gained on principal adds $2,197/yr, and 5% annual appreciation supports $94,074 by year five. Five-year ROI prints 200.04% and total cumulative return in cash totals $225,799.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,941/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1928
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jaime Rae Turnbull • Higbie Maxon Agney Inc
Mls Name: MiRealSource
Mls ID: #50183081