2717 Oliver RdRoyal OakMI48073
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
Investment Highlights
Rental property for sale in Royal Oak at 2717 Oliver Rd, Royal Oak, MI, 48073 priced at $222,000 converts $2,149/mo rent into $664/mo cash flow after a $1,087/mo obligation. Total monthly income equals $2,149/mo, and annual cash flow totals $7,965/yr on $73,593 invested. Return on cash invested prints 30.73% in year one, and rental yield reads 11.62% against a $222,000 entry. Equity gained on principal adds $1,433/yr, while 5% annual appreciation compiles into $61,335 by year five. Five-year ROI reaches 161.55% and total cumulative return in cash sums $118,887. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,149/mo property income covering a $1,087/mo payment, not borrower’s personal income.
Townhouse
Built in 1952
4,356 sqft lot
$N/A/sqft
$250 semi annually 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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Listed by: Christine Lynn • The Agency Hall & Hunter
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20250016147
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 2025-03-19 03:41:14 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702