2450 Massoit RdRoyal OakMI48073
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 2450 Massoit Rd, Royal Oak, MI, 48073 in Royal Oak. Rental yield 6.04%. The 1.12 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $220,998 and $7,367/yr in principal reduction project total return of $224,254.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6% | 7.0% |
| Monthly Cash Flow | $(1,251) | $1,200 |
City averages based on Royal Oak market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,024 |
| Total Monthly Debt Service | $4,957 |
| DSCR Ratio | 0.81x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2018
5,662 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
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
Single Family
Built in 2018
5,662 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathy A Manoogian • Coldwell Banker Professionals Birm
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20250027227
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-04-22 08:14:41 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702