976 Lakepointe StGrosse PointeMI48230
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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
Investment Highlights
Rental property for sale in Grosse Pointe at 976 Lakepointe St, Grosse Pointe, MI, 48230 generates $2,143/mo in rent, after a $2,056/mo payment. Total monthly income is $2,143/mo. Return on cash invested sits at 14.5% in year one, and rental yield is 6.12% on a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 74.39% and total cumulative return in cash sums $103,567. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,143/mo property income rather than buyer’s personal income.
Single Family
Built in 1926
7,840 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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Nearby investment properties with comparable prices
Listed by: Charles Gates • Sine & Monaghan LLC
Mls Name: MiRealSource
Mls ID: #50194342