3340 Kernway DrBloomfield HillsMI48304
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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 Bloomfield Hills at 3340 Kernway Dr, Bloomfield Hills, MI, 48304 offers a 10.81% rental yield on a $650,000 purchase with $5,857/mo rent. Total monthly income registers $5,857/mo, and a $3,181/mo payment leaves $1,571/mo available for distribution. Annual cash flow reaches $18,852/yr on $213,850 to close, and return on cash invested stands at 28.88% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,583 over five years. Portfolio math shows five-year ROI at 151.42% and total cumulative return in cash at $323,810. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,857/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48304, Bloomfield Hills, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,413 (100%) |
| Owner Occupied HU | 6,231 (84.1%) |
| Renter Occupied HU | 716 ( 9.7%) |
| Vacant Housing Units | 466 ( 6.3%) |
| Median Home Value | $542,792 |
| Average Home Value | $707,910 |
Housing Distribution
Address Breakdown
Residential
7,083
Single Family
6,999
Multi-Family
84
Businesses
463
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Listed by: Marian M Grout • DOBI Real Estate
Mls Name: Realcomp II
Mls ID: #20251032424