3242 Salem DrRochester HillsMI48306
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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
Investment property for sale in Rochester Hills at 3242 Salem Dr, Rochester Hills, MI, 48306 earns from $3,902/mo rent with a $3,177/mo payment. Total monthly income totals $3,902/mo. ROI tracks 17.93% on current figures, and rental yield reads 7.21% at a $648,999 purchase. Equity gained on principal adds $4,188/yr, and 5% annual appreciation supports $179,306 over five years. Five-year ROI reaches 92.76% and total cumulative return in cash sums $198,059. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,902/mo property income instead of your personal income.
Single Family
Built in 1980
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48306, Rochester, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,593 (100%) |
| Owner Occupied HU | 9,469 (89.4%) |
| Renter Occupied HU | 840 ( 7.9%) |
| Vacant Housing Units | 284 ( 2.7%) |
| Median Home Value | $537,210 |
| Average Home Value | $597,620 |
Housing Distribution
Address Breakdown
Residential
10,478
Single Family
10,006
Multi-Family
472
Businesses
189
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Listed by: Daryl Beacham • eXp Realty, LLC
Mls Name: MichRIC
Mls ID: #25062484