2425 Torquay Ave APT 101Royal OakMI48073
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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
Investment property for sale in Royal Oak at 2425 Torquay Ave APT 101, Royal Oak, MI, 48073 uses $54,664 cash to close to unlock $2,600/yr annual cash flow and $217/mo monthly cash flow. Total monthly income runs $1,304/mo, and a $807/mo payment keeps the spread at $217/mo. Purchase price stands at $164,900, and rental yield measures 9.49% with $1,304/mo rent. Return on cash invested shows 24.67% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 128.91% and total cumulative return in cash records $70,468. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,304/mo property income covering a $807/mo payment rather than investor’s personal income.
Condo
Built in 1965
N/A 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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