8597 Mathias Dr APT 43Grosse 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
Investment property for sale in Grosse Ile at 8597 Mathias Dr APT 43, Grosse Ile, MI, 48138 uses $64,609 cash to close to unlock $2,276/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $1,475/mo, and a $954/mo payment keeps the spread at $190/mo. Purchase price stands at $194,900, and rental yield measures 9.08% with $1,475/mo rent. Return on cash invested shows 23.43% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 122.29% and total cumulative return in cash records $79,011. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,475/mo property income covering a $954/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A 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: S Brooke MacNee • MBA Realty
Mls Name: Realcomp II
Mls ID: #20251048189