616 Cadieux RdGrosse 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 616 Cadieux Rd, Grosse Pointe, MI, 48230 with 5% annual appreciation on a $317,500 basis while $2,110/mo rent supports operations. 12% in year one. Equity gained on principal adds $2,049/yr, and five-year appreciation sums $87,719 alongside rental yield of 7.97%. Five-year ROI measures 84.49% and total cumulative return in cash totals $88,930. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,110/mo property income versus a $1,554/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1948
N/A lot
$N/A/sqft
$349 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: Lisa R Adams • Real Estate One Grosse Pointe
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50193235
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