872 University PlGrosse PointeMI48230
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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
Rental property for sale in Grosse Pointe at 872 University Pl, Grosse Pointe, MI, 48230 priced at $364,000 converts $2,989/mo rent into $588/mo cash flow after a $1,782/mo obligation. Total monthly income equals $2,989/mo, and annual cash flow totals $7,058/yr on $120,666 invested. Return on cash invested prints 25.76% in year one, and rental yield reads 9.85% against a $364,000 entry. Equity gained on principal adds $2,349/yr, while 5% annual appreciation compiles into $100,566 by year five. Five-year ROI reaches 134.78% and total cumulative return in cash sums $162,629. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,989/mo property income covering a $1,782/mo payment, not borrower’s personal income.
Single Family
Built in 1939
6,534 sqft 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: Ryan Lally • KW Grosse Pointe
Mls Name: Realcomp II
Mls ID: #20251051894