2440 Parmenter BlvdRoyal 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 2440 Parmenter Blvd, Royal Oak, MI, 48073 earns $666/mo cash flow from $2,051/mo rent with a $1,028/mo payment. Total monthly income totals $2,051/mo, and annual cash flow totals $7,992/yr on $69,615 capital. ROI tracks 31.39% on current figures, and rental yield reads 11.72% at a $210,000 purchase. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 over five years. Five-year ROI reaches 164.93% and total cumulative return in cash sums $114,820. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,051/mo property income instead of your 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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