3876 Elder Rd SWest BloomfieldMI48324
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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 3876 Elder Rd S, West Bloomfield, MI, 48324 listed at $837,900 pairs $5,592/mo rent with a $4,101/mo payment to leave $67/mo cash flow. Total monthly income runs $5,592/mo, and annual cash flow reaches $799/yr on $275,669 cash to close. Return on cash invested measures 20.35% in year one, and rental yield registers 8.01% at a $837,900 basis. Equity gained on principal adds $5,407/yr, and annual property appreciation at 5% supports $231,496 by year five. Five-year ROI tracks 105.71% and total cumulative return in cash totals $291,411. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,592/mo property income relative to a $4,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48324, West Bloomfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,849 (100%) |
| Owner Occupied HU | 6,146 (89.7%) |
| Renter Occupied HU | 443 ( 6.5%) |
| Vacant Housing Units | 260 ( 3.8%) |
| Median Home Value | $446,353 |
| Average Home Value | $604,847 |
Housing Distribution
Address Breakdown
Residential
6,618
Single Family
6,446
Multi-Family
172
Businesses
57
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Listed by: Lydia G Pryde • Real Estate One-W Blmfld
Mls Name: Realcomp II
Mls ID: #20251021682