700 Woods LnGrosse 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 700 Woods Ln, Grosse Pointe Woods, MI, 48236 priced at $425,000 pairs $2,766/mo rent with after a $2,080/mo payment. Total monthly income equals $2,766/mo. Return on cash invested is 19.6% in year one, and rental yield stands at 7.81% on a $425,000 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,420 by year five. Five-year ROI measures 101.72% and total cumulative return in cash reaches $143,309. For financing, Ziffy Mortgage’s DSCR program evaluates $2,766/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
7,405 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: Kay Rinke • Coldwell Banker Professionals-GPF
Mls Name: Realcomp II
Mls ID: #20251060332