2372 Pine Lake RdWest 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 2372 Pine Lake Rd, West Bloomfield, MI, 48324 with 5% annual appreciation on a $799,900 basis while $7,477/mo rent supports operations. Total monthly income totals $7,477/mo and a $3,915/mo payment preserves $2,202/mo for cash returns. Annual cash flow comes to $26,426/yr on $263,167 deployed, and return on cash invested reaches 30.1% in year one. Equity gained on principal adds $5,162/yr, and five-year appreciation sums $220,998 alongside rental yield of 11.22%. Five-year ROI measures 158.02% and total cumulative return in cash totals $415,848.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,477/mo property income versus a $3,915/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
0.53 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: Melanie S Bishop • KW Domain
Mls Name: Realcomp II
Mls ID: #20251040808