386 Saint Clair StGrosse PointeMI48230
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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 at 386 Saint Clair St, Grosse Pointe, MI, 48230 priced at $477,500 pairs $4,722/mo rent with $1,573/mo cash flow after a $2,337/mo payment. Total monthly income equals $4,722/mo, and annual cash flow comes to $18,879/yr on $158,291 invested. Return on cash invested is 31.84% in year one, and rental yield stands at 11.87% on a $477,500 basis. Equity gained on principal adds $3,081/yr, and 5% annual appreciation accumulates to $131,924 by year five. Five-year ROI measures 167.34% and total cumulative return in cash reaches $264,888. For financing, Ziffy Mortgage’s DSCR program evaluates $4,722/mo property income against a $2,337/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1960
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48230, Grosse Pointe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,278 (100%) |
| Owner Occupied HU | 5,393 (74.1%) |
| Renter Occupied HU | 1,458 (20.0%) |
| Vacant Housing Units | 427 ( 5.9%) |
| Median Home Value | $465,224 |
| Average Home Value | $515,405 |
Housing Distribution
Address Breakdown
Residential
7,260
Single Family
7,029
Multi-Family
231
Businesses
377
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Listed by: Mark Monaghan • Sine & Monaghan LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50168702
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