2438 Evergreen DrRoyal 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 2438 Evergreen Dr, Royal Oak, MI, 48073 earns from $4,437/mo rent with a $6,118/mo payment. Total monthly income totals $4,437/mo. ROI tracks 9.09% on current figures, and rental yield reads 4.26% at a $1,249,900 purchase. Equity gained on principal adds $8,065/yr, and 5% annual appreciation supports $345,324 over five years. Five-year ROI reaches 45.29% and total cumulative return in cash sums $183,414. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,437/mo property income instead of your personal income.
Single Family
Built in 2023
6,098 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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