532 Wallace StBirminghamMI48009
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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
Rental property for sale in Birmingham at 532 Wallace St, Birmingham, MI, 48009 generates $6,769/mo in rent and, after a $3,666/mo payment, leaves $1,830/mo in cash flow. Total monthly income is $6,769/mo, and annual cash flow is $21,956/yr on $246,421 invested. Return on cash invested sits at 28.97% in year one, and rental yield is 10.84% on a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation builds toward $206,935 over five years. Five-year ROI reaches 151.94% and total cumulative return in cash sums $374,404. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,769/mo property income rather than buyer’s personal income.
Single Family
Built in 1927
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48009, Birmingham, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,431 (100%) |
| Owner Occupied HU | 7,480 (71.7%) |
| Renter Occupied HU | 2,150 (20.6%) |
| Vacant Housing Units | 801 ( 7.7%) |
| Median Home Value | $710,938 |
| Average Home Value | $834,383 |
Housing Distribution
Address Breakdown
Residential
9,856
Single Family
8,145
Multi-Family
1,711
Businesses
1,293
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Listed by: Charles A Siciliano • @properties Christie's Int'l R.E. Birmingham
Mls Name: Realcomp II
Mls ID: #20251016577