3841 Wedgewood DrBloomfield HillsMI48301
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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 3841 Wedgewood Dr, Bloomfield Hills, MI, 48301 uses $328,671 cash to close to unlock $6,392/yr annual cash flow and $533/mo monthly cash flow. Total monthly income runs $7,121/mo, and a $4,890/mo payment keeps the spread at $533/mo. Purchase price stands at $999,000, and rental yield measures 8.55% with $7,121/mo rent. Return on cash invested shows 22.01% in year one, and 5% annual appreciation builds toward $276,005 over five years. Five-year ROI reaches 114.58% and total cumulative return in cash records $376,598. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,121/mo property income covering a $4,890/mo payment rather than investor’s personal income.
Single Family
Built in 1953
1.24 Acres 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
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Listed by: Lanie Hardy • KW Domain
Mls Name: Realcomp II
Mls ID: #20251032597