837 Washington 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
Rental property for sale in Grosse Pointe at 837 Washington Rd, Grosse Pointe, MI, 48230 priced at $426,200 pairs $3,049/mo rent with $238/mo cash flow after a $2,086/mo payment. Total monthly income equals $3,049/mo, and annual cash flow comes to $2,862/yr on $141,285 invested. Return on cash invested is 21.93% in year one, and rental yield stands at 8.58% on a $426,200 basis. Equity gained on principal adds $2,750/yr, and 5% annual appreciation accumulates to $117,751 by year five. Five-year ROI measures 114.24% and total cumulative return in cash reaches $161,410. For financing, Ziffy Mortgage’s DSCR program evaluates $3,049/mo property income against a $2,086/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
0.32 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: N/A • N/A
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