1808 W Twelve Mile RdRoyal OakMI48073
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
Rental property for sale in Royal Oak at 1808 W Twelve Mile Rd, Royal Oak, MI, 48073 priced at $264,000 converts $2,465/mo rent into $724/mo cash flow after a $1,292/mo obligation. Total monthly income equals $2,465/mo, and annual cash flow totals $8,690/yr on $87,516 invested. Return on cash invested prints 29.84% in year one, and rental yield reads 11.2% against a $264,000 entry. Equity gained on principal adds $1,704/yr, while 5% annual appreciation compiles into $72,938 by year five. Five-year ROI reaches 156.67% and total cumulative return in cash sums $137,113. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,465/mo property income covering a $1,292/mo payment, not borrower’s personal income.
Single Family
Built in 1951
6,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48073, Royal Oak, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,816 (100%) |
| Owner Occupied HU | 12,016 (67.4%) |
| Renter Occupied HU | 4,989 (28.0%) |
| Vacant Housing Units | 811 ( 4.6%) |
| Median Home Value | $342,688 |
| Average Home Value | $386,290 |
Housing Distribution
Address Breakdown
Residential
17,601
Single Family
14,484
Multi-Family
3,117
Businesses
671
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Listed by: Josephine Glass • Berkshire Hathaway HomeServices Kee Realty NB
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50165065
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