411 S Old Woodward Ave UNIT 907BirminghamMI48009
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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 Birmingham at 411 S Old Woodward Ave UNIT 907, Birmingham, MI, 48009 uses $107,738 cash to close to unlock $3,282/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $2,417/mo, and a $1,591/mo payment keeps the spread at $274/mo. Purchase price stands at $325,000, and rental yield measures 8.92% with $2,417/mo rent. Return on cash invested shows 22.96% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 119.74% and total cumulative return in cash records $129,001. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,417/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48009, Birmingham, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,431 (100%) |
| Owner Occupied HU | 7,480 (71.7%) |
| Renter Occupied HU | 2,150 (20.6%) |
| Vacant Housing Units | 801 ( 7.7%) |
| Median Home Value | $710,938 |
| Average Home Value | $834,383 |
Housing Distribution
Address Breakdown
Residential
9,856
Single Family
8,145
Multi-Family
1,711
Businesses
1,293
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Listed by: Dan A Gutfreund • Signature Sotheby's International Realty Bham
Mls Name: Realcomp II
Mls ID: #20261000728