608 Purdy StBirminghamMI48009
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
Investment property for sale in Birmingham at 608 Purdy St, Birmingham, MI, 48009 listed at $1,329,900 pairs $4,499/mo rent with a $6,509/mo payment. Total monthly income runs $4,499/mo. Return on cash invested measures 8.48% in year one, and rental yield registers 4.06% at a $1,329,900 basis. Equity gained on principal adds $8,582/yr, and annual property appreciation at 5% supports $367,427 by year five. Five-year ROI tracks 41.98% and total cumulative return in cash totals $180,895. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,499/mo property income relative to a $6,509/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1901
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven Mattler • Signature Sotheby's International Realty Bham
Mls Name: Realcomp II
Mls ID: #20251046292