42 Cranford LnGrosse 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
Investment property for sale in Grosse Pointe at 42 Cranford Ln, Grosse Pointe, MI, 48230 uses $151,827 cash to close to unlock $12,017/yr annual cash flow and $1,001/mo monthly cash flow. Total monthly income runs $4,022/mo, and a $2,242/mo payment keeps the spread at $1,001/mo. Purchase price stands at $458,000, and rental yield measures 10.54% with $4,022/mo rent. Return on cash invested shows 27.82% in year one, and 5% annual appreciation builds toward $126,537 over five years. Five-year ROI reaches 145.82% and total cumulative return in cash records $221,397. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,022/mo property income covering a $2,242/mo payment rather than investor’s personal income.
Townhouse
Built in 1927
N/A 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: Patty Riley • Coldwell Banker Professionals-GPF
Mls Name: Realcomp II
Mls ID: #20251059188