2021 Klingensmith Rd UNIT 83Bloomfield 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 2021 Klingensmith Rd UNIT 83, Bloomfield Hills, MI, 48302 listed at $220,000 pairs $2,098/mo rent with a $1,077/mo payment to leave $647/mo cash flow. Total monthly income runs $2,098/mo, and annual cash flow reaches $7,764/yr on $72,930 cash to close. Return on cash invested measures 30.55% in year one, and rental yield registers 11.44% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 160.44% and total cumulative return in cash totals $117,011. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,098/mo property income relative to a $1,077/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: Natalie Marz • Max Broock, REALTORS-Bloomfield Hills
Mls Name: Realcomp II
Mls ID: #20251047382