953 Berkshire RdGrosse Pointe ParkMI48230
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 Park at 953 Berkshire Rd, Grosse Pointe Park, MI, 48230 earns $493/mo cash flow from $5,521/mo rent with a $3,732/mo payment. Total monthly income totals $5,521/mo, and annual cash flow totals $5,913/yr on $250,863 capital. ROI tracks 22.42% on current figures, and rental yield reads 8.69% at a $762,500 purchase. Equity gained on principal adds $4,920/yr, and 5% annual appreciation supports $210,665 over five years. Five-year ROI reaches 116.79% and total cumulative return in cash sums $292,974. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,521/mo property income instead of your personal income.
Single Family
Built in 1928
0.46 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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Nearby investment properties with comparable prices
Listed by: Theresa Spiro • @properties Christie's Int'l
Mls Name: MichRIC
Mls Provider:
Mls ID: #25027038
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.