58 Pointe Park PlGrosse Pointe ParkMI48230
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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 Park at 58 Pointe Park Pl, Grosse Pointe Park, MI, 48230 generates $2,314/mo in rent, after a $1,884/mo payment. Total monthly income is $2,314/mo. Return on cash invested sits at 12.17% in year one, and rental yield is 7.21% on a $384,900 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,341 over five years. Five-year ROI reaches 63.9% and total cumulative return in cash sums $81,531. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,314/mo property income rather than buyer’s personal income.
Condo
Built in 1996
1,742 sqft lot
$N/A/sqft
$599 monthly 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: Julie Ahee • Sine & Monaghan LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50184144
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