1797 Golf Ridge DrBloomfield TownshipMI48302
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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 Township at 1797 Golf Ridge Dr, Bloomfield Township, MI, 48302 listed at $375,700 pairs $2,536/mo rent with a $1,839/mo payment to leave $58/mo cash flow. Total monthly income runs $2,536/mo, and annual cash flow reaches $700/yr on $124,545 cash to close. Return on cash invested measures 20.47% in year one, and rental yield registers 8.1% at a $375,700 basis. Equity gained on principal adds $2,424/yr, and annual property appreciation at 5% supports $103,799 by year five. Five-year ROI tracks 106.42% and total cumulative return in cash totals $132,535. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,536/mo property income relative to a $1,839/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1973
N/A 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A