380 Merriweather RdGrosse 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
Rental property for sale in Grosse Pointe Farms at 380 Merriweather Rd, Grosse Pointe Farms, MI, 48236 generates $3,138/mo in rent and, after a $2,325/mo payment, leaves $6/mo in cash flow. Total monthly income is $3,138/mo, and annual cash flow is $66/yr on $157,463 invested. Return on cash invested sits at 19.95% in year one, and rental yield is 7.93% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 103.61% and total cumulative return in cash sums $163,147. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,138/mo property income rather than buyer’s personal income.
Single Family
Built in 1937
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: Scott A Adlhoch • Adlhoch & Associates, REALTORS
Mls Name: MiRealSource
Mls ID: #50193514