986 Smith AveBirminghamMI48009
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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 986 Smith Ave, Birmingham, MI, 48009 generates $5,083/mo in rent and, after a $3,426/mo payment, leaves $467/mo in cash flow. Total monthly income is $5,083/mo, and annual cash flow is $5,604/yr on $230,297 invested. Return on cash invested sits at 22.49% in year one, and rental yield is 8.71% on a $699,990 entry. Equity gained on principal adds $4,517/yr, while 5% annual appreciation builds toward $193,394 over five years. Five-year ROI reaches 117.22% and total cumulative return in cash sums $269,965. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,083/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
4,791 sqft 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: Alicia Ryeson • Real Estate One-Ortonville
Mls Name: Realcomp II
Mls ID: #20251054854