45 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
Rental property for sale in Grosse Pointe at 45 Cranford Ln, Grosse Pointe, MI, 48230 priced at $445,000 pairs $3,820/mo rent with $706/mo cash flow after a $2,178/mo payment. Total monthly income equals $3,820/mo, and annual cash flow comes to $8,466/yr on $147,518 invested. Return on cash invested is 25.65% in year one, and rental yield stands at 10.3% on a $445,000 basis. Equity gained on principal adds $2,872/yr, and 5% annual appreciation accumulates to $122,945 by year five. Five-year ROI measures 134.69% and total cumulative return in cash reaches $198,692. For financing, Ziffy Mortgage’s DSCR program evaluates $3,820/mo property income against a $2,178/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1936
N/A lot
$N/A/sqft
$2,160 semi annually 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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Nearby investment properties with comparable prices
Listed by: Jeffrey Meldrum • @properties Christie's Int'l RE Grosse Pointe
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20251042145
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