2449 Mulberry Sq APT 28Bloomfield HillsMI48302
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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
Rental property for sale in Bloomfield Hills at 2449 Mulberry Sq APT 28, Bloomfield Hills, MI, 48302 generates $1,994/mo in rent and, after a $1,082/mo payment, leaves $536/mo in cash flow. Total monthly income is $1,994/mo, and annual cash flow is $6,436/yr on $73,262 invested. Return on cash invested sits at 28.69% in year one, and rental yield is 10.83% on a $221,000 entry. Equity gained on principal adds $1,426/yr, while 5% annual appreciation builds toward $61,058 over five years. Five-year ROI reaches 150.53% and total cumulative return in cash sums $110,281. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,994/mo property income rather than buyer’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48302, Bloomfield Hills, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,444 (100%) |
| Owner Occupied HU | 5,900 (79.3%) |
| Renter Occupied HU | 1,060 (14.2%) |
| Vacant Housing Units | 484 ( 6.5%) |
| Median Home Value | $647,789 |
| Average Home Value | $792,258 |
Housing Distribution
Address Breakdown
Residential
6,942
Single Family
6,794
Multi-Family
148
Businesses
766
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Listed by: Sulay Krushikar • New Era Real Estate LLC
Mls Name: Realcomp II
Mls ID: #20251042243