2251 Gardner AveBerkleyMI48072
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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 2251 Gardner Ave, Berkley, MI, 48072 generates $2,332/mo in rent and, after a $1,346/mo payment, leaves $520/mo in cash flow. Total monthly income is $2,332/mo, and annual cash flow is $6,236/yr on $91,129 invested. Return on cash invested sits at 26.75% in year one, and rental yield is 10.18% on a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 140.09% and total cumulative return in cash sums $127,659. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,332/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
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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