316 N Edgeworth AveRoyal OakMI48067
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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 Royal Oak at 316 N Edgeworth Ave, Royal Oak, MI, 48067 priced at $400,000 converts $2,722/mo rent into $84/mo cash flow after a $1,958/mo obligation. Total monthly income equals $2,722/mo, and annual cash flow totals $1,008/yr on $132,600 invested. Return on cash invested prints 20.67% in year one, and rental yield reads 8.17% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 107.44% and total cumulative return in cash sums $142,468. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,722/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 1949
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48067, Royal Oak, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,049 (100%) |
| Owner Occupied HU | 8,880 (63.2%) |
| Renter Occupied HU | 4,292 (30.6%) |
| Vacant Housing Units | 877 ( 6.2%) |
| Median Home Value | $361,069 |
| Average Home Value | $423,259 |
Housing Distribution
Address Breakdown
Residential
13,560
Single Family
11,107
Multi-Family
2,453
Businesses
1,047
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