4079 S Eight Mile RdAuburnMI48611
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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 Auburn at 4079 S Eight Mile Rd, Auburn, MI, 48611 offers a 6.4% rental yield on a $315,000 purchase with $1,680/mo rent. 34% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 78.91% and total cumulative return in cash at $82,397. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,680/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1882
4.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48611, Auburn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,776 (100%) |
| Owner Occupied HU | 2,219 (79.9%) |
| Renter Occupied HU | 438 (15.8%) |
| Vacant Housing Units | 119 ( 4.3%) |
| Median Home Value | $185,374 |
| Average Home Value | $211,304 |
Housing Distribution
Address Breakdown
Residential
2,755
Single Family
2,715
Multi-Family
40
Businesses
210
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