112 E Hickory Grove RdBloomfield HillsMI48304
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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
Investment property for sale in Bloomfield Hills at 112 E Hickory Grove Rd, Bloomfield Hills, MI, 48304 uses $82,875 cash to close to unlock $9,504/yr annual cash flow and $792/mo monthly cash flow. Total monthly income runs $2,441/mo, and a $1,224/mo payment keeps the spread at $792/mo. Purchase price stands at $250,000, and rental yield measures 11.72% with $2,441/mo rent. Return on cash invested shows 31.38% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 164.85% and total cumulative return in cash records $136,618. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,441/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Townhouse
Built in 1958
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48304, Bloomfield Hills, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,413 (100%) |
| Owner Occupied HU | 6,231 (84.1%) |
| Renter Occupied HU | 716 ( 9.7%) |
| Vacant Housing Units | 466 ( 6.3%) |
| Median Home Value | $542,792 |
| Average Home Value | $707,910 |
Housing Distribution
Address Breakdown
Residential
7,083
Single Family
6,999
Multi-Family
84
Businesses
463
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Listed by: Lori Anderson • RE/MAX Classic
Mls Name: Realcomp II
Mls ID: #20261002782