342 Riviera DrSaint Clair ShoresMI48080
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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 342 Riviera Dr, Saint Clair Shores, MI, 48080 uses $34,808 cash to close to unlock $10,924/yr annual cash flow and $910/mo monthly cash flow. Total monthly income runs $1,658/mo, and a $514/mo payment keeps the spread at $910/mo. Purchase price stands at $105,000, and rental yield measures 18.95% with $1,658/mo rent. Return on cash invested shows 51.29% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 272.46% and total cumulative return in cash records $94,838. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,658/mo property income covering a $514/mo payment rather than investor’s personal income.
Apartment
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48080, Saint Clair Shores, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,263 (100%) |
| Owner Occupied HU | 8,247 (73.2%) |
| Renter Occupied HU | 2,530 (22.5%) |
| Vacant Housing Units | 486 ( 4.3%) |
| Median Home Value | $218,438 |
| Average Home Value | $271,792 |
Housing Distribution
Address Breakdown
Residential
11,126
Single Family
9,753
Multi-Family
1,373
Businesses
1,120
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A