4909 Crooks Rd APT E5Royal 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 E5, Royal Oak, MI, 48073 uses $37,426 cash to close to unlock $5,473/yr annual cash flow and $456/mo monthly cash flow. Total monthly income runs $1,422/mo, and a $553/mo payment keeps the spread at $456/mo. Purchase price stands at $112,900, and rental yield measures 15.11% with $1,422/mo rent. Return on cash invested shows 34.53% in year one, and 5% annual appreciation builds toward $31,192 over five years. Five-year ROI reaches 184.52% and total cumulative return in cash records $69,058. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,422/mo property income covering a $553/mo payment rather than investor’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
$221 monthly 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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Listed by: Julie Heidt • KW Metro
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240074342
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-10-15 04:25:41 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702