1348 Charrington RdBloomfield HillsMI48301
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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 1348 Charrington Rd, Bloomfield Hills, MI, 48301 listed at $1,090,000 pairs $8,410/mo rent with a $5,335/mo payment to leave $1,222/mo cash flow. Total monthly income runs $8,410/mo, and annual cash flow reaches $14,664/yr on $353,160 cash to close. Return on cash invested measures 24.52% in year one, and rental yield registers 9.26% at a $1,090,000 basis. Equity gained on principal adds $7,034/yr, and annual property appreciation at 5% supports $301,147 by year five. Five-year ROI tracks 128.02% and total cumulative return in cash totals $452,112. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,410/mo property income relative to a $5,335/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48301, Bloomfield Hills, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,859 (100%) |
| Owner Occupied HU | 5,084 (86.8%) |
| Renter Occupied HU | 537 ( 9.2%) |
| Vacant Housing Units | 238 ( 4.1%) |
| Median Home Value | $665,460 |
| Average Home Value | $781,730 |
Housing Distribution
Address Breakdown
Residential
5,718
Single Family
5,182
Multi-Family
536
Businesses
265
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Listed by: Cindy Obron Kahn • The Agency Hall & Hunter
Mls Name: Realcomp II
Mls ID: #20251037143