24 Barbour Ln #3Bloomfield HillsMI48304
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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 24 Barbour Ln #3, Bloomfield Hills, MI, 48304 at $549,000 posts ROI 16.54% with from $3,090/mo rent. Total monthly income equals $3,090/mo. Return on cash invested measures 16.54% and rental yield reads 6.75% at the current $549,000. Equity gained on principal adds $3,543/yr, and 5% annual appreciation supports $151,679 by year five. Five-year ROI prints 85.26% and total cumulative return in cash totals $154,004. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,090/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1957
N/A lot
$N/A/sqft
No 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
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Listed by: Cheryl F Riback • @properties Christie's Int'l R.E. Birmingham
Mls Name: Realcomp II
Mls ID: #20251019858