3865 Lone Pine Rd APT 101West 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 3865 Lone Pine Rd APT 101, West Bloomfield, MI, 48323 uses $74,422 cash to close to unlock $16,192/yr annual cash flow and $1,349/mo monthly cash flow. Total monthly income runs $3,130/mo, and a $1,099/mo payment keeps the spread at $1,349/mo. Purchase price stands at $224,500, and rental yield measures 16.73% with $3,130/mo rent. Return on cash invested shows 41.67% in year one, and 5% annual appreciation builds toward $62,025 over five years. Five-year ROI reaches 221.85% and total cumulative return in cash records $165,104. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,130/mo property income covering a $1,099/mo payment rather than investor’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
$300 monthly 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: Manette Klein • The Agency Hall & Hunter
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240061370
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-09-14 19:02:37 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702