41 Vaughan Ridge RdBloomfield HillsMI48304
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
Total monthly income runs $4,603/mo, and a $5,629/mo payment. Purchase price stands at $1,150,000, and rental yield measures 4.8% with $4,603/mo rent. Return on cash invested shows 10.77% in year one, and 5% annual appreciation builds toward $317,724 over five years. Five-year ROI reaches 54.27% and total cumulative return in cash records $202,209. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,603/mo property income covering a $5,629/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48304, Bloomfield Hills, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,413 (100%) |
| Owner Occupied HU | 6,231 (84.1%) |
| Renter Occupied HU | 716 ( 9.7%) |
| Vacant Housing Units | 466 ( 6.3%) |
| Median Home Value | $542,792 |
| Average Home Value | $707,910 |
Housing Distribution
Address Breakdown
Residential
7,083
Single Family
6,999
Multi-Family
84
Businesses
463
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meredith R Colburn • The Agency Hall & Hunter
Mls Name: Realcomp II
Mls ID: #20251018847