1420 Ashover DrBloomfield 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
Rental property for sale in Bloomfield Hills at 1420 Ashover Dr, Bloomfield Hills, MI, 48304 generates $5,027/mo in rent and, after a $2,200/mo payment, leaves $2,063/mo in cash flow. Total monthly income is $5,027/mo, and annual cash flow is $24,756/yr on $148,976 invested. Return on cash invested sits at 36.53% in year one, and rental yield is 13.42% on a $449,400 entry. Equity gained on principal adds $2,900/yr, while 5% annual appreciation builds toward $124,161 over five years. Five-year ROI reaches 192.52% and total cumulative return in cash sums $286,809. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,027/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.68 Acres 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: Susan V Carter • Sine & Monaghan, LLC
Mls Name: Realcomp II
Mls ID: #20251033808