4297 Wabeek Lake Dr S #26Bloomfield HillsMI48302
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 4297 Wabeek Lake Dr S #26, Bloomfield Hills, MI, 48302 listed at $425,000 pairs $3,071/mo rent with a $2,080/mo payment to leave $269/mo cash flow. Total monthly income runs $3,071/mo, and annual cash flow reaches $3,222/yr on $140,888 cash to close. Return on cash invested measures 22.2% in year one, and rental yield registers 8.67% at a $425,000 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,420 by year five. Five-year ROI tracks 115.64% and total cumulative return in cash totals $162,929. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,071/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1978
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindy Obron Kahn • The Agency Hall & Hunter
Mls Name: Realcomp II
Mls ID: #20251046506