21540 W Forteen Mile RdBloomfield HillsMI48301
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 21540 W Forteen Mile Rd, Bloomfield Hills, MI, 48301 earns $4,083/mo cash flow from $6,918/mo rent with a $2,104/mo payment. Total monthly income totals $6,918/mo, and annual cash flow totals $48,998/yr on $142,512 capital. ROI tracks 54.29% on current figures, and rental yield reads 19.31% at a $429,900 purchase. Equity gained on principal adds $2,774/yr, and 5% annual appreciation supports $118,773 over five years. Five-year ROI reaches 287.77% and total cumulative return in cash sums $410,107. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,918/mo property income instead of your personal income.
Single Family
Built in 1952
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48301, Bloomfield Hills, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,859 (100%) |
| Owner Occupied HU | 5,084 (86.8%) |
| Renter Occupied HU | 537 ( 9.2%) |
| Vacant Housing Units | 238 ( 4.1%) |
| Median Home Value | $665,460 |
| Average Home Value | $781,730 |
Housing Distribution
Address Breakdown
Residential
5,718
Single Family
5,182
Multi-Family
536
Businesses
265
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Listed by: Kyle Desmond • @propertiesChristie's Int'l RE
Mls Name: MichRIC
Mls Provider:
Mls ID: #24044986
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.