46627 BroadwayBloomingdaleMI49026
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 Bloomingdale at 46627 Broadway, Bloomingdale, MI, 49026 offers a 9.04% rental yield on a $259,999 purchase with $1,958/mo rent. Total monthly income registers $1,958/mo, and a $1,273/mo payment leaves $243/mo available for distribution. Annual cash flow reaches $2,916/yr on $86,190 to close, and return on cash invested stands at 23.29% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 121.51% and total cumulative return in cash at $104,729. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,958/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.29 Acres lot
$N/A/sqft
No 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
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Nearby investment properties with comparable prices
Listed by: David Manley • Five Star Real Estate-W Norton
Mls Name: MichRIC
Mls Provider:
Mls ID: #24059203
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.