816 Royal AveRoyal OakMI48073
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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
Investment property for sale in Royal Oak at 816 Royal Ave, Royal Oak, MI, 48073 at $700,000 posts ROI 21.42% with $261/mo cash flow from $4,877/mo rent. Total monthly income equals $4,877/mo, and annual cash flow records $3,132/yr on $230,300 to close. Return on cash invested measures 21.42% and rental yield reads 8.36% at the current $700,000. Equity gained on principal adds $4,517/yr, and 5% annual appreciation supports $193,397 by year five. Five-year ROI prints 111.44% and total cumulative return in cash totals $256,636.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,877/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2005
0.25 Acres 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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