729 N Eton 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 729 N Eton St, Birmingham, MI, 48009 offers $2,678/mo rent that, after a $1,772/mo payment, leaves $291/mo cash flow. Total monthly income is $2,678/mo, and annual cash flow is $3,487/yr on $120,003 cash. Return on cash invested measures 22.81% in year one, and rental yield stands at 8.88% at a $362,000 entry. Equity gained on principal adds $2,336/yr while 5% annual appreciation compounds into $100,014 by year five. Five-year ROI records 118.97% and total cumulative return in cash reaches $142,765. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,678/mo property income versus a $1,772/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1948
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: Jennifer Clancy • Thrive Realty Company
Mls Name: Realcomp II
Mls ID: #20251047016