1349 Franklin 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
Rental property for sale in Berkley at 1349 Franklin Rd, Berkley, MI, 48072 offers $3,178/mo rent that, after a $1,809/mo payment, leaves $741/mo cash flow. Total monthly income is $3,178/mo, and annual cash flow is $8,890/yr on $122,489 cash. Return on cash invested measures 27.17% in year one, and rental yield stands at 10.32% at a $369,500 entry. Equity gained on principal adds $2,384/yr while 5% annual appreciation compounds into $102,086 by year five. Five-year ROI records 142.29% and total cumulative return in cash reaches $174,292. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,178/mo property income versus a $1,809/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
6,098 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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