4268 Covered Bridge RdBloomfield HillsMI48302
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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 4268 Covered Bridge Rd, Bloomfield Hills, MI, 48302 earns $249/mo cash flow from $4,601/mo rent with a $3,230/mo payment. Total monthly income totals $4,601/mo, and annual cash flow totals $2,988/yr on $217,140 capital. ROI tracks 21.44% on current figures, and rental yield reads 8.37% at a $659,999 purchase. Equity gained on principal adds $4,259/yr, and 5% annual appreciation supports $182,346 over five years. Five-year ROI reaches 111.53% and total cumulative return in cash sums $242,169. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,601/mo property income instead of your personal income.
Single Family
Built in 1966
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48302, Bloomfield Hills, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,444 (100%) |
| Owner Occupied HU | 5,900 (79.3%) |
| Renter Occupied HU | 1,060 (14.2%) |
| Vacant Housing Units | 484 ( 6.5%) |
| Median Home Value | $647,789 |
| Average Home Value | $792,258 |
Housing Distribution
Address Breakdown
Residential
6,942
Single Family
6,794
Multi-Family
148
Businesses
766
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Listed by: Jack A Apap Jr • @properties Christie's Int'l R.E. Birmingham
Mls Name: Realcomp II
Mls ID: #20251055140