2484 Horace StWest 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 2484 Horace St, West Bloomfield, MI, 48324 offers a 9.18% rental yield on a $425,000 purchase with $3,253/mo rent. Total monthly income registers $3,253/mo, and a $2,080/mo payment leaves $451/mo available for distribution. Annual cash flow reaches $5,406/yr on $140,888 to close, and return on cash invested stands at 23.75% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 123.97% and total cumulative return in cash at $174,653. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,253/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
0.33 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: Shalom Mintzer • EXP Realty Main
Mls Name: Realcomp II
Mls ID: #20251034450