2515 S Eleven Mile Rd, Auburn, MI, 48611 | 6.2% Rental Yield

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Auburn at 2515 S Eleven Mile Rd, Auburn, MI, 48611 generates $1,680/mo in rent, after a $1,591/mo payment. Total monthly income is $1,680/mo. Return on cash invested sits at 14.75% in year one, and rental yield is 6.2% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 75.72% and total cumulative return in cash sums $81,577. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,680/mo property income rather than buyer’s personal income.

Single Family

Built in 1920

1.30 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 48611, Auburn, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,776 (100%)
Owner Occupied HU	2,219 (79.9%)
Renter Occupied HU	438 (15.8%)
Vacant Housing Units	119 ( 4.3%)
Median Home Value	$185,374
Average Home Value	$211,304