1727 E Forteen Mile RdBirminghamMI48009
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 Birmingham at 1727 E Forteen Mile Rd, Birmingham, MI, 48009 listed at $134,900 pairs $1,030/mo rent with a $660/mo payment to leave $141/mo cash flow. Total monthly income runs $1,030/mo, and annual cash flow reaches $1,688/yr on $44,719 cash to close. Return on cash invested measures 23.68% in year one, and rental yield registers 9.16% at a $134,900 basis. Equity gained on principal adds $870/yr, and annual property appreciation at 5% supports $37,270 by year five. Five-year ROI tracks 123.64% and total cumulative return in cash totals $55,289. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,030/mo property income relative to a $660/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48009, Birmingham, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,431 (100%) |
| Owner Occupied HU | 7,480 (71.7%) |
| Renter Occupied HU | 2,150 (20.6%) |
| Vacant Housing Units | 801 ( 7.7%) |
| Median Home Value | $710,938 |
| Average Home Value | $834,383 |
Housing Distribution
Address Breakdown
Residential
9,856
Single Family
8,145
Multi-Family
1,711
Businesses
1,293
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jill L Gourand • National Realty Centers, Inc
Mls Name: Realcomp II
Mls ID: #20251054406