8719 Canyon StGrosse PointeMI48236
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pointe at 8719 Canyon St, Grosse Pointe, MI, 48236 offers a 9.33% rental yield on a $145,000 purchase with $1,127/mo rent. Total monthly income registers $1,127/mo, and a $710/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,046/yr on $48,068 to close, and return on cash invested stands at 24.17% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 126.24% and total cumulative return in cash at $60,680. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,127/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48236, Grosse Pointe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,855 (100%) |
| Owner Occupied HU | 11,100 (86.3%) |
| Renter Occupied HU | 1,173 ( 9.1%) |
| Vacant Housing Units | 582 ( 4.5%) |
| Median Home Value | $365,789 |
| Average Home Value | $440,877 |
Housing Distribution
Address Breakdown
Residential
12,630
Single Family
12,497
Multi-Family
133
Businesses
998
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tina Alfaro • Emmanuel Realty LLC
Mls Name: Realcomp II
Mls ID: #20251059249