621 Notre Dame 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
Total monthly income runs $2,110/mo, and a $1,566/mo payment. Purchase price stands at $320,000, and rental yield measures 7.91% with $2,110/mo rent. Return on cash invested shows 15.85% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 83.05% and total cumulative return in cash records $88,095. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,110/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Condo
Built in 1948
N/A lot
$N/A/sqft
$359 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: Michelle Agosta • Sine & Monaghan LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50190325
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