3324 Coolidge HwyRoyal 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
Investment property for sale in Royal Oak at 3324 Coolidge Hwy, Royal Oak, MI, 48073 offers a 10.64% rental yield on a $195,000 purchase with $1,729/mo rent. Total monthly income registers $1,729/mo, and a $954/mo payment leaves $212/mo available for distribution. Annual cash flow reaches $2,538/yr on $64,643 to close, and return on cash invested stands at 23.84% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 126.03% and total cumulative return in cash at $81,466. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,729/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1951
N/A lot
$N/A/sqft
$232 monthly 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: Josephine Glass • Berkshire Hathaway HomeServices Kee Realty NB
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50174528
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