560 Woodland 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 560 Woodland St, Birmingham, MI, 48009 priced at $1,399,000 converts $5,083/mo rent into after a $6,847/mo obligation. Total monthly income equals $5,083/mo. Return on cash invested prints 9.4% in year one, and rental yield reads 4.36% against a $1,399,000 entry. Equity gained on principal adds $9,028/yr, while 5% annual appreciation compiles into $386,518 by year five. Five-year ROI reaches 46.95% and total cumulative return in cash sums $212,825. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,083/mo property income covering a $6,847/mo payment, not borrower’s personal income.
Single Family
Built in 1915
10,018 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: John A Apap • @properties Christie's Int'l R.E. Birmingham
Mls Name: Realcomp II
Mls ID: #20251014719