4952 Coventry Rd #315Royal 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 4952 Coventry Rd #315, Royal Oak, MI, 48073 uses $81,218 cash to close to unlock $1,710/yr annual cash flow and $143/mo monthly cash flow. Total monthly income runs $1,758/mo, and a $1,199/mo payment keeps the spread at $143/mo. Purchase price stands at $245,000, and rental yield measures 8.61% with $1,758/mo rent. Return on cash invested shows 22.01% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 114.68% and total cumulative return in cash records $93,144. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,758/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Condo
Built in 1971
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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