496 E Avon RdRochester HillsMI48307
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
Rental property for sale in Rochester Hills at 496 E Avon Rd, Rochester Hills, MI, 48307 priced at $1,400,000 pairs $2,375/mo rent with after a $6,852/mo payment. Total monthly income equals $2,375/mo. Return on cash invested is 2.23% in year one, and rental yield stands at 2.04% on a $1,400,000 basis. Equity gained on principal adds $9,034/yr, and 5% annual appreciation accumulates to $386,794 by year five. Five-year ROI measures 8.48% and total cumulative return in cash reaches $38,443. For financing, Ziffy Mortgage’s DSCR program evaluates $2,375/mo property income against a $6,852/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1928
6.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48307, Rochester, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,309 (100%) |
| Owner Occupied HU | 12,822 (63.1%) |
| Renter Occupied HU | 6,392 (31.5%) |
| Vacant Housing Units | 1,095 ( 5.4%) |
| Median Home Value | $391,661 |
| Average Home Value | $417,682 |
Housing Distribution
Address Breakdown
Residential
19,347
Single Family
16,548
Multi-Family
2,799
Businesses
1,720
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darlene L Kujanek • Berkshire Hathaway HomeServices Kee Realty
Mls Name: Realcomp II
Mls ID: #20251054838