8415 Bridge RdGrosse IleMI48138
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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 Ile at 8415 Bridge Rd, Grosse Ile, MI, 48138 generates $1,440/mo in rent, after a $3,372/mo payment. Total monthly income is $1,440/mo. Return on cash invested sits at 3.63% in year one, and rental yield is 2.51% on a $689,000 entry. Equity gained on principal adds $4,446/yr, while 5% annual appreciation builds toward $190,358 over five years. Five-year ROI reaches 16.06% and total cumulative return in cash sums $36,402. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,440/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48138, Grosse Ile, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,486 (100%) |
| Owner Occupied HU | 3,999 (89.1%) |
| Renter Occupied HU | 294 ( 6.6%) |
| Vacant Housing Units | 193 ( 4.3%) |
| Median Home Value | $391,254 |
| Average Home Value | $436,998 |
Housing Distribution
Address Breakdown
Residential
4,393
Single Family
4,023
Multi-Family
370
Businesses
224
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Listed by: Jennifer Buhl • Grapevine Realty
Mls Name: MichRIC
Mls ID: #25043604