708 S Laurel StRoyal OakMI48067
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
Rental property for sale in Royal Oak at 708 S Laurel St, Royal Oak, MI, 48067 priced at $325,000 pairs $1,796/mo rent with after a $1,591/mo payment. Total monthly income equals $1,796/mo. Return on cash invested is 16.04% in year one, and rental yield stands at 6.63% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 82.63% and total cumulative return in cash reaches $89,029. For financing, Ziffy Mortgage’s DSCR program evaluates $1,796/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1914
6,098 sqft 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
