1651 Hoit Tower DrBloomfield HillsMI48302
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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 1651 Hoit Tower Dr, Bloomfield Hills, MI, 48302 earns $240/mo cash flow from $5,021/mo rent with a $3,549/mo payment. Total monthly income totals $5,021/mo, and annual cash flow totals $2,874/yr on $238,525 capital. ROI tracks 21.27% on current figures, and rental yield reads 8.31% at a $725,000 purchase. Equity gained on principal adds $4,678/yr, and 5% annual appreciation supports $200,304 over five years. Five-year ROI reaches 110.63% and total cumulative return in cash sums $263,873. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,021/mo property income instead of your personal income.
Single Family
Built in 1962
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48302, Bloomfield Hills, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,444 (100%) |
| Owner Occupied HU | 5,900 (79.3%) |
| Renter Occupied HU | 1,060 (14.2%) |
| Vacant Housing Units | 484 ( 6.5%) |
| Median Home Value | $647,789 |
| Average Home Value | $792,258 |
Housing Distribution
Address Breakdown
Residential
6,942
Single Family
6,794
Multi-Family
148
Businesses
766
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Listed by: Ryan Guty • REALTEAM Real Estate
Mls Name: Realcomp II
Mls ID: #20251039521