2516 Patrick Henry StAuburn HillsMI48326
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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
Rental property for sale in Auburn Hills at 2516 Patrick Henry St, Auburn Hills, MI, 48326 priced at $117,900 converts $926/mo rent into after a $577/mo obligation. Total monthly income equals $926/mo. Return on cash invested prints -62.93% in year one, and rental yield reads 9.42% against a $117,900 entry. Equity gained on principal adds $761/yr, while 5% annual appreciation compiles into $32,574 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $926/mo property income covering a $577/mo payment, not borrower’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
$372 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48326, Auburn Hills, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,709 (100%) |
| Owner Occupied HU | 5,384 (46.0%) |
| Renter Occupied HU | 5,611 (47.9%) |
| Vacant Housing Units | 714 ( 6.1%) |
| Median Home Value | $263,123 |
| Average Home Value | $313,361 |
Housing Distribution
Address Breakdown
Residential
10,999
Single Family
9,560
Multi-Family
1,439
Businesses
1,283
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Listed by: Michael Klaiber • K. W. Peterson & Associates
Mls Name: MichRIC
Mls Provider:
Mls ID: #25002412
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.