2555 Covington Pl, Bloomfield Hills, MI, 48301 | $899/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bloomfield Hills at 2555 Covington Pl, Bloomfield Hills, MI, 48301 offers a 9.18% rental yield on a $850,000 purchase with $6,504/mo rent. Total monthly income registers $6,504/mo, and a $4,160/mo payment leaves $899/mo available for distribution. Annual cash flow reaches $10,788/yr on $279,650 to close, and return on cash invested stands at 23.92% in year one. Equity gained on principal adds $5,485/yr while 5% annual appreciation supports $234,839 over five years. Portfolio math shows five-year ROI at 124.83% and total cumulative return in cash at $349,090. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,504/mo property income against a $4,160/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1961

0.75 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 48301, Bloomfield Hills, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,859 (100%)
Owner Occupied HU	5,084 (86.8%)
Renter Occupied HU	537 ( 9.2%)
Vacant Housing Units	238 ( 4.1%)
Median Home Value	$665,460
Average Home Value	$781,730