662 Purdy St APT 104BirminghamMI48009
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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 Birmingham at 662 Purdy St APT 104, Birmingham, MI, 48009 earns $314/mo cash flow from $2,945/mo rent with a $1,953/mo payment. Total monthly income totals $2,945/mo, and annual cash flow totals $3,764/yr on $132,269 capital. ROI tracks 22.76% on current figures, and rental yield reads 8.86% at a $399,000 purchase. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 over five years. Five-year ROI reaches 118.63% and total cumulative return in cash sums $156,914. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,945/mo property income instead of your personal income.
Condo
Built in 1978
N/A 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: Evan R Treharne • The Maple Group Realtors LLC
Mls Name: Realcomp II
Mls ID: #20251055400