475 S Adams RdBirminghamMI48009
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Nearby investment properties with comparable prices
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 Birmingham at 475 S Adams Rd, Birmingham, MI, 48009 priced at $229,900 pairs $1,605/mo rent with $89/mo cash flow after a $1,125/mo payment. Total monthly income equals $1,605/mo, and annual cash flow comes to $1,070/yr on $76,212 invested. Return on cash invested is 21.31% in year one, and rental yield stands at 8.38% on a $229,900 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,517 by year five. Five-year ROI measures 110.94% and total cumulative return in cash reaches $84,551. For financing, Ziffy Mortgage’s DSCR program evaluates $1,605/mo property income against a $1,125/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1980
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: Deborah Ronayne • EXP Realty - Northville
Mls Name: Realcomp II
Mls ID: #20251057678