2483 Walce DrWest 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
Rental property for sale in West Bloomfield at 2483 Walce Dr, West Bloomfield, MI, 48324 generates $2,477/mo in rent and, after a $1,708/mo payment, leaves $176/mo in cash flow. Total monthly income is $2,477/mo, and annual cash flow is $2,108/yr on $115,694 invested. Return on cash invested sits at 21.73% in year one, and rental yield is 8.52% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 113.14% and total cumulative return in cash sums $130,896. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,477/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
0.26 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: Michael G Babi • Babi Realty LLC
Mls Name: Realcomp II
Mls ID: #20261002958