164 N Glengarry 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 164 N Glengarry Rd, Bloomfield Hills, MI, 48301 uses $335,340 cash to close to unlock $2,196/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $7,026/mo, and a $5,066/mo payment keeps the spread at $183/mo. Purchase price stands at $1,035,000, and rental yield measures 8.15% with $7,026/mo rent. Return on cash invested shows 21.02% in year one, and 5% annual appreciation builds toward $285,951 over five years. Five-year ROI reaches 109.29% and total cumulative return in cash records $366,480. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,026/mo property income covering a $5,066/mo payment rather than investor’s personal income.
Single Family
Built in 1952
0.32 Acres lot
$N/A/sqft
$210 annually 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: Michael Perrotta • The Agency Hall & Hunter
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240062583
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-09-14 16:00:54 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702