333 E Parent Ave UNIT 14Royal 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
Investment property for sale in Royal Oak at 333 E Parent Ave UNIT 14, Royal Oak, MI, 48067 uses $79,527 cash to close to unlock $9,734/yr annual cash flow and $811/mo monthly cash flow. Total monthly income runs $2,393/mo, and a $1,174/mo payment keeps the spread at $811/mo. Purchase price stands at $239,900, and rental yield measures 11.97% with $2,393/mo rent. Return on cash invested shows 32.15% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 169.05% and total cumulative return in cash records $134,443. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,393/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A 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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