898 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 898 N Adams Rd, Birmingham, MI, 48009 offers $2,221/mo rent that, after a $1,003/mo payment, leaves $505/mo cash flow. Total monthly income is $2,221/mo, and annual cash flow is $6,056/yr on $67,924 cash. Return on cash invested measures 28.82% in year one, and rental yield stands at 13.01% at a $204,900 entry. Equity gained on principal adds $1,322/yr while 5% annual appreciation compounds into $56,610 by year five. Five-year ROI records 153.54% and total cumulative return in cash reaches $104,290. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,221/mo property income versus a $1,003/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1960
N/A lot
$N/A/sqft
$365 monthly 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: Maria Smith • Real Estate One Inc-Shelby
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50174884
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