2787 Nicole CtWest 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 2787 Nicole Ct, West Bloomfield, MI, 48324 priced at $695,950 pairs $9,428/mo rent with $4,722/mo cash flow after a $3,406/mo payment. Total monthly income equals $9,428/mo, and annual cash flow comes to $56,667/yr on $228,968 invested. Return on cash invested is 44.81% in year one, and rental yield stands at 16.26% on a $695,950 basis. Equity gained on principal adds $4,491/yr, and 5% annual appreciation accumulates to $192,278 by year five. Five-year ROI measures 237.11% and total cumulative return in cash reaches $542,896. For financing, Ziffy Mortgage’s DSCR program evaluates $9,428/mo property income against a $3,406/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1995
22.53 Acres lot
$N/A/sqft
$1,400 annually 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: Jacob Herbert • Keller Williams Paint Creek
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240082294
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-11-19 07:06:30 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702