850 N Adams Rd UNIT 1BirminghamMI48009
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
Investment property for sale in Birmingham at 850 N Adams Rd UNIT 1, Birmingham, MI, 48009 uses $66,267 cash to close to unlock $2,702/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $1,543/mo, and a $978/mo payment keeps the spread at $225/mo. Purchase price stands at $199,900, and rental yield measures 9.26% with $1,543/mo rent. Return on cash invested shows 23.99% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 125.31% and total cumulative return in cash records $83,041. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,543/mo property income covering a $978/mo payment rather than investor’s personal income.
Condo
Built in 1960
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Petrevski • 21 United Realty
Mls Name: Realcomp II
Mls ID: #20251054305