8597 Mathias Dr APT 44, Grosse Ile, MI, 48138 | $1,061/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Grosse Ile at 8597 Mathias Dr APT 44, Grosse Ile, MI, 48138 uses $56,024 cash to close to unlock $12,728/yr annual cash flow and $1,061/mo monthly cash flow. Total monthly income runs $2,494/mo, and a $827/mo payment keeps the spread at $1,061/mo. Purchase price stands at $169,000, and rental yield measures 17.71% with $2,494/mo rent. Return on cash invested shows 42.63% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 227.7% and total cumulative return in cash records $127,567. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,494/mo property income covering a $827/mo payment rather than investor’s personal income.

Condo

Built in 1987

N/A lot

$N/A/sqft

$319 monthly 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