4909 Crooks Rd APT D6Royal 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
Investment property for sale in Royal Oak at 4909 Crooks Rd APT D6, Royal Oak, MI, 48073 uses $41,438 cash to close to unlock $2,094/yr annual cash flow and $175/mo monthly cash flow. Total monthly income runs $999/mo, and a $612/mo payment keeps the spread at $175/mo. Purchase price stands at $125,000, and rental yield measures 9.59% with $999/mo rent. Return on cash invested shows 24.96% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 130.53% and total cumulative return in cash records $54,089. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $999/mo property income covering a $612/mo payment rather than investor’s personal income.
Condo
Built in 1965
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
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