626 Fairway DrRoyal OakMI48073
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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
Investment property for sale in Royal Oak at 626 Fairway Dr, Royal Oak, MI, 48073 with 5% annual appreciation on a $437,500 basis while $3,029/mo rent supports operations. Total monthly income totals $3,029/mo and a $2,141/mo payment preserves $144/mo for cash returns. Annual cash flow comes to $1,731/yr on $145,031 deployed, and return on cash invested reaches 21.1% in year one. Equity gained on principal adds $2,823/yr, and five-year appreciation sums $120,873 alongside rental yield of 8.31%. Five-year ROI measures 109.79% and total cumulative return in cash totals $159,233.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,029/mo property income versus a $2,141/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48073, Royal Oak, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,816 (100%) |
| Owner Occupied HU | 12,016 (67.4%) |
| Renter Occupied HU | 4,989 (28.0%) |
| Vacant Housing Units | 811 ( 4.6%) |
| Median Home Value | $342,688 |
| Average Home Value | $386,290 |
Housing Distribution
Address Breakdown
Residential
17,601
Single Family
14,484
Multi-Family
3,117
Businesses
671
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