1831 Long Pointe 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 1831 Long Pointe Dr, Bloomfield Hills, MI, 48302 earns from $4,670/mo rent with a $4,160/mo payment. Total monthly income totals $4,670/mo. ROI tracks 16.05% on current figures, and rental yield reads 6.59% at a $850,000 purchase. Equity gained on principal adds $5,485/yr, and 5% annual appreciation supports $234,839 over five years. Five-year ROI reaches 82.63% and total cumulative return in cash sums $231,082. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,670/mo property income instead of your personal income.
Single Family
Built in 1966
0.50 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: Christine Winans • Berkshire Hathaway HomeServices Kee Realty Bham
Mls Name: Realcomp II
Mls ID: #20251041537