34 Putnam PlGrosse Pointe ShoresMI48236
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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 Grosse Pointe Shores at 34 Putnam Pl, Grosse Pointe Shores, MI, 48236 offers a 7.6% rental yield on a $869,900 purchase with $5,512/mo rent. 12% in year one. Equity gained on principal adds $5,613/yr while 5% annual appreciation supports $240,337 over five years. Portfolio math shows five-year ROI at 99.11% and total cumulative return in cash at $283,649. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,512/mo property income against a $4,258/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48236, Grosse Pointe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,855 (100%) |
| Owner Occupied HU | 11,100 (86.3%) |
| Renter Occupied HU | 1,173 ( 9.1%) |
| Vacant Housing Units | 582 ( 4.5%) |
| Median Home Value | $365,789 |
| Average Home Value | $440,877 |
Housing Distribution
Address Breakdown
Residential
12,630
Single Family
12,497
Multi-Family
133
Businesses
998
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Listed by: James A Haidar • RE/MAX First
Mls Name: Realcomp II
Mls ID: #20251052552