1975 Klingensmith Rd UNIT 25Bloomfield 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 1975 Klingensmith Rd UNIT 25, Bloomfield Hills, MI, 48302 listed at $188,000 pairs $1,477/mo rent with a $920/mo payment to leave $237/mo cash flow. Total monthly income runs $1,477/mo, and annual cash flow reaches $2,849/yr on $62,322 cash to close. Return on cash invested measures 24.48% in year one, and rental yield registers 9.43% at a $188,000 basis. Equity gained on principal adds $1,213/yr, and annual property appreciation at 5% supports $51,941 by year five. Five-year ROI tracks 127.94% and total cumulative return in cash totals $79,736. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,477/mo property income relative to a $920/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1969
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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Listed by: Madelon Ward • KW Domain
Mls Name: Realcomp II
Mls ID: #20251046240