2020 Wickford CtBloomfield HillsMI48304
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2020 Wickford Ct, Bloomfield Hills, MI, 48304 with 5% annual appreciation on a $539,100 basis while $5,065/mo rent supports operations. Total monthly income totals $5,065/mo and a $2,639/mo payment preserves $1,478/mo for cash returns. Annual cash flow comes to $17,730/yr on $177,364 deployed, and return on cash invested reaches 30.06% in year one. Equity gained on principal adds $3,479/yr, and five-year appreciation sums $148,943 alongside rental yield of 11.27%. Five-year ROI measures 157.85% and total cumulative return in cash totals $279,968.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,065/mo property income versus a $2,639/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
0.33 Acres lot
$N/A/sqft
$32 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48304, Bloomfield Hills, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,413 (100%) |
| Owner Occupied HU | 6,231 (84.1%) |
| Renter Occupied HU | 716 ( 9.7%) |
| Vacant Housing Units | 466 ( 6.3%) |
| Median Home Value | $542,792 |
| Average Home Value | $707,910 |
Housing Distribution
Address Breakdown
Residential
7,083
Single Family
6,999
Multi-Family
84
Businesses
463
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A