46245 Leedy Point RdBloomingdaleMI49026
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 46245 Leedy Point Rd, Bloomingdale, MI, 49026 in Bloomingdale at $450,000, 4.72% gross yield, is a market-growth asset. Rental yield 4.72%. The $1,770/mo rent partially funds the $2,023/mo debt service; the core return is the 5%/yr price growth projected to add $124,327 over five years. Ziffy Mortgage's DSCR mortgage (0.87) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $94,020.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.7% | 7.1% |
| Monthly Cash Flow | $(1,204) | $300 |
City averages based on Bloomingdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,770 |
| Total Monthly Debt Service | $2,795 |
| DSCR Ratio | 0.63x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1963
8,712 sqft lot
$N/A/sqft
$75 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49026, Bloomingdale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,139 (100%) |
| Owner Occupied HU | 682 (59.9%) |
| Renter Occupied HU | 129 (11.3%) |
| Vacant Housing Units | 328 (28.8%) |
| Median Home Value | $241,406 |
| Average Home Value | $306,650 |
Housing Distribution
Address Breakdown
Residential
809
Single Family
791
Multi-Family
18
Businesses
60
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
Single Family
Built in 1963
8,712 sqft lot
$N/A/sqft
$75 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49026, Bloomingdale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,139 (100%) |
| Owner Occupied HU | 682 (59.9%) |
| Renter Occupied HU | 129 (11.3%) |
| Vacant Housing Units | 328 (28.8%) |
| Median Home Value | $241,406 |
| Average Home Value | $306,650 |
Housing Distribution
Address Breakdown
Residential
809
Single Family
791
Multi-Family
18
Businesses
60
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathleen L Virgil • @properties Christie's International R.E.
Mls Name: MichRIC
Mls Provider:
Mls ID: #25038634
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.