4603 Hedgewood DrBloomfield HillsMI48301
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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 4603 Hedgewood Dr, Bloomfield Hills, MI, 48301 uses $205,625 cash to close to unlock $2,550/yr annual cash flow and $213/mo monthly cash flow. Total monthly income runs $4,334/mo, and a $3,059/mo payment keeps the spread at $213/mo. Purchase price stands at $625,000, and rental yield measures 8.32% with $4,334/mo rent. Return on cash invested shows 21.3% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 110.81% and total cumulative return in cash records $227,857. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,334/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48301, Bloomfield Hills, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,859 (100%) |
| Owner Occupied HU | 5,084 (86.8%) |
| Renter Occupied HU | 537 ( 9.2%) |
| Vacant Housing Units | 238 ( 4.1%) |
| Median Home Value | $665,460 |
| Average Home Value | $781,730 |
Housing Distribution
Address Breakdown
Residential
5,718
Single Family
5,182
Multi-Family
536
Businesses
265
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Listed by: Christian Brown • Oak and Stone Real Estate
Mls Name: Realcomp II
Mls ID: #20261000638