42160 Woodward Ave UNIT 38Bloomfield 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
Investment property for sale in Bloomfield Hills at 42160 Woodward Ave UNIT 38, Bloomfield Hills, MI, 48304 earns $248/mo cash flow from $2,050/mo rent with a $1,027/mo payment. Total monthly income totals $2,050/mo, and annual cash flow totals $2,975/yr on $69,582 capital. ROI tracks 24.19% on current figures, and rental yield reads 11.72% at a $209,900 purchase. Equity gained on principal adds $1,354/yr, and 5% annual appreciation supports $57,992 over five years. Five-year ROI reaches 128.91% and total cumulative return in cash sums $89,696. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,050/mo property income instead of your personal income.
Condo
Built in 1972
11.42 Acres lot
$N/A/sqft
$403 monthly 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
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Listed by: Chen Young • Community Choice Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25001105
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.