1059 Columbia RdBerkleyMI48072
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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
Investment property for sale in Berkley at 1059 Columbia Rd, Berkley, MI, 48072 uses $129,285 cash to close to unlock $4,488/yr annual cash flow and $374/mo monthly cash flow. Total monthly income runs $2,946/mo, and a $1,909/mo payment keeps the spread at $374/mo. Purchase price stands at $390,000, and rental yield measures 9.06% with $2,946/mo rent. Return on cash invested shows 23.38% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 121.98% and total cumulative return in cash records $157,700. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,946/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Single Family
Built in 1947
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48072, Berkley, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,067 (100%) |
| Owner Occupied HU | 5,975 (84.5%) |
| Renter Occupied HU | 895 (12.7%) |
| Vacant Housing Units | 197 ( 2.8%) |
| Median Home Value | $321,340 |
| Average Home Value | $359,511 |
Housing Distribution
Address Breakdown
Residential
7,024
Single Family
6,632
Multi-Family
392
Businesses
609
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