2622 Pine Ridge RdWest 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 2622 Pine Ridge Rd, West Bloomfield, MI, 48324 earns $172/mo cash flow from $3,304/mo rent with a $2,325/mo payment. Total monthly income totals $3,304/mo, and annual cash flow totals $2,058/yr on $157,463 capital. ROI tracks 21.22% on current figures, and rental yield reads 8.35% at a $475,000 purchase. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 over five years. Five-year ROI reaches 110.38% and total cumulative return in cash sums $173,815. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,304/mo property income instead of your personal income.
Single Family
Built in 1958
0.38 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: Gwen J Schultz • The Agency Hall & Hunter
Mls Name: Realcomp II
Mls ID: #20251045523