1887 S Bates StBirminghamMI48009
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 1887 S Bates St, Birmingham, MI, 48009 listed at $482,500 pairs $4,658/mo rent with a $2,362/mo payment to leave $1,476/mo cash flow. Total monthly income runs $4,658/mo, and annual cash flow reaches $17,709/yr on $159,949 cash to close. Return on cash invested measures 30.98% in year one, and rental yield registers 11.58% at a $482,500 basis. Equity gained on principal adds $3,114/yr, and annual property appreciation at 5% supports $133,306 by year five. Five-year ROI tracks 162.74% and total cumulative return in cash totals $260,301. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,658/mo property income relative to a $2,362/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
6,098 sqft 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: Cheryl Kelly • Pro Realty, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25027135
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.