2015 Klingensmith Rd UNIT 77/BUILDING 7Bloomfield 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 2015 Klingensmith Rd UNIT 77/BUILDING 7, Bloomfield Hills, MI, 48302 uses $71,604 cash to close to unlock $24,694/yr annual cash flow and $2,058/mo monthly cash flow. Total monthly income runs $3,894/mo, and a $1,057/mo payment keeps the spread at $2,058/mo. Purchase price stands at $215,999, and rental yield measures 21.63% with $3,894/mo rent. Return on cash invested shows 54.4% in year one, and 5% annual appreciation builds toward $59,677 over five years. Five-year ROI reaches 290.79% and total cumulative return in cash records $208,215. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,894/mo property income covering a $1,057/mo payment rather than investor’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
$412 monthly 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: Robert Barnes • Keller Williams Realty Lakeside
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50146691
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