32616 Harper AveSaint Clair ShoresMI48082
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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
Investment property for sale in Saint Clair Shores at 32616 Harper Ave, Saint Clair Shores, MI, 48082 offers a 17.76% rental yield on a $108,000 purchase with $1,598/mo rent. Total monthly income registers $1,598/mo, and a $529/mo payment leaves $885/mo available for distribution. Annual cash flow reaches $10,625/yr on $35,802 to close, and return on cash invested stands at 49.59% in year one. Equity gained on principal adds $697/yr while 5% annual appreciation supports $29,838 over five years. Portfolio math shows five-year ROI at 262.63% and total cumulative return in cash at $94,028. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,598/mo property income against a $529/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1971
N/A 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: Nora Utley • Sine & Monaghan LLC
Mls Name: MiRealSource
Mls ID: #50197259