422 Walnut AveRoyal OakMI48073
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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 Royal Oak at 422 Walnut Ave, Royal Oak, MI, 48073 priced at $829,900 converts $3,791/mo rent into after a $4,062/mo obligation. Total monthly income equals $3,791/mo. Return on cash invested prints 12.67% in year one, and rental yield reads 5.48% against a $829,900 entry. Equity gained on principal adds $5,355/yr, while 5% annual appreciation compiles into $229,286 by year five. Five-year ROI reaches 64.53% and total cumulative return in cash sums $176,183. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,791/mo property income covering a $4,062/mo payment, not borrower’s personal income.
Single Family
Built in 2020
6,969 sqft lot
$N/A/sqft
No 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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