850 N Adams RdBirminghamMI48009
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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 850 N Adams Rd, Birmingham, MI, 48009 priced at $199,900 converts $1,996/mo rent into $678/mo cash flow after a $978/mo obligation. Total monthly income equals $1,996/mo, and annual cash flow totals $8,138/yr on $66,267 invested. Return on cash invested prints 32.19% in year one, and rental yield reads 11.98% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 169.28% and total cumulative return in cash sums $112,177. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,996/mo property income covering a $978/mo payment, not borrower’s personal income.
Condo
Built in 1960
7.55 Acres 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: Michael Petrevski • 21 United
Mls Name: MiRealSource
Mls ID: #50194373