2943 Moon Lake Dr #116West BloomfieldMI48323
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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 2943 Moon Lake Dr #116, West Bloomfield, MI, 48323 uses $112,710 cash to close to unlock $1,692/yr annual cash flow and $141/mo monthly cash flow. Total monthly income runs $2,383/mo, and a $1,664/mo payment keeps the spread at $141/mo. Purchase price stands at $340,000, and rental yield measures 8.41% with $2,383/mo rent. Return on cash invested shows 21.41% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 111.41% and total cumulative return in cash records $125,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,383/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Townhouse
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48323, West Bloomfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,998 (100%) |
| Owner Occupied HU | 6,318 (90.3%) |
| Renter Occupied HU | 387 ( 5.5%) |
| Vacant Housing Units | 293 ( 4.2%) |
| Median Home Value | $519,922 |
| Average Home Value | $610,475 |
Housing Distribution
Address Breakdown
Residential
6,947
Single Family
6,794
Multi-Family
153
Businesses
196
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Listed by: Ilene S Mitz • Real Estate One-WB/FH
Mls Name: Realcomp II
Mls ID: #20251051220