644 Hawthorne RdGrosse Pointe WoodsMI48236
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Woods at 644 Hawthorne Rd, Grosse Pointe Woods, MI, 48236 offers $3,451/mo rent that, after a $2,447/mo payment, leaves $154/mo cash flow. Total monthly income is $3,451/mo, and annual cash flow is $1,850/yr on $165,717 cash. Return on cash invested measures 21.03% in year one, and rental yield stands at 8.28% at a $499,900 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,113 by year five. Five-year ROI records 109.38% and total cumulative return in cash reaches $181,260. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,451/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1937
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48236, Grosse Pointe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,855 (100%) |
| Owner Occupied HU | 11,100 (86.3%) |
| Renter Occupied HU | 1,173 ( 9.1%) |
| Vacant Housing Units | 582 ( 4.5%) |
| Median Home Value | $365,789 |
| Average Home Value | $440,877 |
Housing Distribution
Address Breakdown
Residential
12,630
Single Family
12,497
Multi-Family
133
Businesses
998
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Martin-Marshall • Real Estate One Grosse Pointe
Mls Name: MiRealSource
Mls ID: #50197100