340 Kercheval AveGrosse Pointe FarmsMI48236
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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 Farms at 340 Kercheval Ave, Grosse Pointe Farms, MI, 48236 earns $292/mo cash flow from $3,457/mo rent with a $2,349/mo payment. Total monthly income totals $3,457/mo, and annual cash flow totals $3,504/yr on $159,120 capital. ROI tracks 22.11% on current figures, and rental yield reads 8.64% at a $480,000 purchase. Equity gained on principal adds $3,097/yr, and 5% annual appreciation supports $132,615 over five years. Five-year ROI reaches 115.17% and total cumulative return in cash sums $183,257. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,457/mo property income instead of your personal income.
Single Family
Built in 1941
6,098 sqft 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: Julie Heidt • KW Metro
Mls Name: Realcomp II
Mls ID: #20251055953