2441 Gillham AveWest 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 2441 Gillham Ave, West Bloomfield, MI, 48324 earns $127/mo cash flow from $3,094/mo rent with a $2,202/mo payment. Total monthly income totals $3,094/mo, and annual cash flow totals $1,526/yr on $149,142 capital. ROI tracks 20.93% on current figures, and rental yield reads 8.25% at a $449,900 purchase. Equity gained on principal adds $2,903/yr, and 5% annual appreciation supports $124,299 over five years. Five-year ROI reaches 108.87% and total cumulative return in cash sums $162,370. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,094/mo property income instead of your personal income.
Single Family
Built in 2001
0.46 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: Kristin Craig • Keller Williams Advantage
Mls Name: Realcomp II
Mls ID: #20251039306