3825 Lone Pine Rd APT 303West 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 3825 Lone Pine Rd APT 303, West Bloomfield, MI, 48323 uses $62,952 cash to close to unlock $2,450/yr annual cash flow and $204/mo monthly cash flow. Total monthly income runs $1,456/mo, and a $929/mo payment keeps the spread at $204/mo. Purchase price stands at $189,900, and rental yield measures 9.2% with $1,456/mo rent. Return on cash invested shows 23.8% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 124.31% and total cumulative return in cash records $78,257. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,456/mo property income covering a $929/mo payment rather than investor’s personal income.
Condo
Built in 1977
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: Janice Calcaterra • Real Estate One Clinton
Mls Name: MiRealSource
Mls ID: #50187060