3673 York CtBloomfield HillsMI48301
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Bloomfield Hills at 3673 York Ct, Bloomfield Hills, MI, 48301 generates $5,725/mo in rent, after a $5,746/mo payment. Total monthly income is $5,725/mo. Return on cash invested sits at 14.01% in year one, and rental yield is 5.85% on a $1,174,000 entry. Equity gained on principal adds $7,576/yr, while 5% annual appreciation builds toward $324,355 over five years. Five-year ROI reaches 71.65% and total cumulative return in cash sums $272,528. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,725/mo property income rather than buyer’s personal income.
Condo
Built in 1988
N/A 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 |
Housing Distribution
Address Breakdown
Residential
5,718
Single Family
5,182
Multi-Family
536
Businesses
265
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katherine E Broock • Max Broock, REALTORS-Birmingham
Mls Name: Realcomp II
Mls ID: #20261001419