622 Macwilliams Ln #1Royal OakMI48067
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 622 Macwilliams Ln #1, Royal Oak, MI, 48067 in Royal Oak: $3,514/mo in rent, $843/mo net, 10.41% gross yield, all on a $404,900 acquisition. The 1.93 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $111,866 in value, and $3,729/yr in principal paydown steadily builds equity. Projected total cumulative return: $208,535.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 7.0% |
| Monthly Cash Flow | $843 | $1,200 |
City averages based on Royal Oak market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,514 |
| Total Monthly Debt Service | $2,509 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48067, Royal Oak, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,049 (100%) |
| Owner Occupied HU | 8,880 (63.2%) |
| Renter Occupied HU | 4,292 (30.6%) |
| Vacant Housing Units | 877 ( 6.2%) |
| Median Home Value | $361,069 |
| Average Home Value | $423,259 |
Housing Distribution
Address Breakdown
Residential
13,560
Single Family
11,107
Multi-Family
2,453
Businesses
1,047
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
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48067, Royal Oak, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,049 (100%) |
| Owner Occupied HU | 8,880 (63.2%) |
| Renter Occupied HU | 4,292 (30.6%) |
| Vacant Housing Units | 877 ( 6.2%) |
| Median Home Value | $361,069 |
| Average Home Value | $423,259 |
Housing Distribution
Address Breakdown
Residential
13,560
Single Family
11,107
Multi-Family
2,453
Businesses
1,047
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices