1965 Devonshire RdBloomfield 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 1965 Devonshire Rd, Bloomfield Hills, MI, 48302 offers a 10.48% rental yield on a $510,000 purchase with $4,453/mo rent. Total monthly income registers $4,453/mo, and a $2,496/mo payment leaves $1,090/mo available for distribution. Annual cash flow reaches $13,080/yr on $167,790 to close, and return on cash invested stands at 27.86% in year one. Equity gained on principal adds $3,291/yr while 5% annual appreciation supports $140,904 over five years. Portfolio math shows five-year ROI at 145.95% and total cumulative return in cash at $244,887. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,453/mo property income against a $2,496/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.27 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: Takorrah Chase • ICON Realty Experts, LLC
Mls Name: Realcomp II
Mls ID: #20251031458