9 Wellington 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 9 Wellington Pl, Grosse Pointe, MI, 48230 priced at $808,515 pairs $7,068/mo rent with $1,737/mo cash flow after a $3,957/mo payment. Total monthly income equals $7,068/mo, and annual cash flow comes to $20,838/yr on $266,001 invested. Return on cash invested is 27.89% in year one, and rental yield stands at 10.49% on a $808,515 basis. Equity gained on principal adds $5,217/yr, and 5% annual appreciation accumulates to $223,378 by year five. Five-year ROI measures 146.16% and total cumulative return in cash reaches $388,793. For financing, Ziffy Mortgage’s DSCR program evaluates $7,068/mo property income against a $3,957/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1961
0.29 Acres 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: Shana Sine-Cameron • Sine & Monaghan LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50165919
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