42550 Woodward Ave UNIT 37Bloomfield HillsMI48304
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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 42550 Woodward Ave UNIT 37, Bloomfield Hills, MI, 48304 listed at $220,000 pairs $2,066/mo rent with a $1,077/mo payment to leave $271/mo cash flow. Total monthly income runs $2,066/mo, and annual cash flow reaches $3,252/yr on $72,930 cash to close. Return on cash invested measures 24.37% in year one, and rental yield registers 11.27% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 129.33% and total cumulative return in cash totals $94,319. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,066/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1964
N/A lot
$N/A/sqft
$344 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: Charles Lutz • RE/MAX First
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50184531
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