4840 Briarwood Ave #C8Royal OakMI48073
Nearby investment properties with comparable rents
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
Investment property for sale in Royal Oak at 4840 Briarwood Ave #C8, Royal Oak, MI, 48073 listed at $120,800 pairs $958/mo rent with a $591/mo payment to leave $162/mo cash flow. Total monthly income runs $958/mo, and annual cash flow reaches $1,940/yr on $40,045 cash to close. Return on cash invested measures 24.75% in year one, and rental yield registers 9.52% at a $120,800 basis. Equity gained on principal adds $780/yr, and annual property appreciation at 5% supports $33,375 by year five. Five-year ROI tracks 129.38% and total cumulative return in cash totals $51,810. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $958/mo property income relative to a $591/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1963
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices