2313 Saint Joseph StWest BloomfieldMI48324
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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 West Bloomfield at 2313 Saint Joseph St, West Bloomfield, MI, 48324 offers a 11.72% rental yield on a $315,000 purchase with $3,076/mo rent. Total monthly income registers $3,076/mo, and a $1,542/mo payment leaves $999/mo available for distribution. Annual cash flow reaches $11,982/yr on $104,423 to close, and return on cash invested stands at 31.38% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 164.92% and total cumulative return in cash at $172,217. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,076/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48324, West Bloomfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,849 (100%) |
| Owner Occupied HU | 6,146 (89.7%) |
| Renter Occupied HU | 443 ( 6.5%) |
| Vacant Housing Units | 260 ( 3.8%) |
| Median Home Value | $446,353 |
| Average Home Value | $604,847 |
Housing Distribution
Address Breakdown
Residential
6,618
Single Family
6,446
Multi-Family
172
Businesses
57
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Listed by: Mia Hall • The Hallway Group, LLC
Mls Name: MichRIC
Mls ID: #26000753