709 Middlesex RdGrosse 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 709 Middlesex Rd, Grosse Pointe Park, MI, 48230 priced at $595,900 converts $4,760/mo rent into $830/mo cash flow after a $2,917/mo obligation. Total monthly income equals $4,760/mo, and annual cash flow totals $9,960/yr on $196,051 invested. Return on cash invested prints 25.14% in year one, and rental yield reads 9.59% against a $595,900 entry. Equity gained on principal adds $3,845/yr, while 5% annual appreciation compiles into $164,636 by year five. Five-year ROI reaches 131.39% and total cumulative return in cash sums $257,588. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,760/mo property income covering a $2,917/mo payment, not borrower’s personal income.
Single Family
Built in 1964
0.36 Acres lot
$N/A/sqft
No 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: Charles Gates • Sine & Monaghan LLC
Mls Name: MiRealSource
Mls ID: #50194078