650 Hanna 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 650 Hanna St, Birmingham, MI, 48009 offers $5,043/mo rent that, after a $8,321/mo payment. Total monthly income is $5,043/mo. Return on cash invested measures 6.93% in year one, and rental yield stands at 3.56% at a $1,699,990 entry. Equity gained on principal adds $10,970/yr while 5% annual appreciation compounds into $469,676 by year five. Five-year ROI records 33.7% and total cumulative return in cash reaches $185,644. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,043/mo property income versus a $8,321/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
6,969 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: Katherine E Broock • Max Broock, REALTORS-Birmingham
Mls Name: Realcomp II
Mls ID: #20251010485