3450 Buckingham AveBerkleyMI48072
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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 Berkley at 3450 Buckingham Ave, Berkley, MI, 48072 offers $3,476/mo rent that, after a $2,325/mo payment, leaves $324/mo cash flow. Total monthly income is $3,476/mo, and annual cash flow is $3,882/yr on $157,496 cash. Return on cash invested measures 22.37% in year one, and rental yield stands at 8.78% at a $475,100 entry. Equity gained on principal adds $3,066/yr while 5% annual appreciation compounds into $131,261 by year five. Five-year ROI records 116.66% and total cumulative return in cash reaches $183,734. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,476/mo property income versus a $2,325/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
4,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48072, Berkley, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,067 (100%) |
| Owner Occupied HU | 5,975 (84.5%) |
| Renter Occupied HU | 895 (12.7%) |
| Vacant Housing Units | 197 ( 2.8%) |
| Median Home Value | $321,340 |
| Average Home Value | $359,511 |
Housing Distribution
Address Breakdown
Residential
7,024
Single Family
6,632
Multi-Family
392
Businesses
609
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