4710 Cove RdWest BloomfieldMI48323
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 4710 Cove Rd, West Bloomfield, MI, 48323 in West Bloomfield worth study. Rental yield 4.88%. The 4.88% gross yield is below cash-flow benchmarks at $1,400,000, but 5% annual appreciation, adding $386,794 over five years, frames this as a capital growth position. Rent of $5,690/mo partially offsets the $6,295/mo payment. Ziffy Mortgage finances appreciation-play properties (0.90 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $305,367.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.9% | 6.5% |
| Monthly Cash Flow | $(3,542) | $450 |
City averages based on West Bloomfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,690 |
| Total Monthly Debt Service | $8,675 |
| DSCR Ratio | 0.66x |
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 1973
2.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48323, West Bloomfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,998 (100%) |
| Owner Occupied HU | 6,318 (90.3%) |
| Renter Occupied HU | 387 ( 5.5%) |
| Vacant Housing Units | 293 ( 4.2%) |
| Median Home Value | $519,922 |
| Average Home Value | $610,475 |
Housing Distribution
Address Breakdown
Residential
6,947
Single Family
6,794
Multi-Family
153
Businesses
196
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 1973
2.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48323, West Bloomfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,998 (100%) |
| Owner Occupied HU | 6,318 (90.3%) |
| Renter Occupied HU | 387 ( 5.5%) |
| Vacant Housing Units | 293 ( 4.2%) |
| Median Home Value | $519,922 |
| Average Home Value | $610,475 |
Housing Distribution
Address Breakdown
Residential
6,947
Single Family
6,794
Multi-Family
153
Businesses
196
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherry Grammatico • The Charles Reinhart Company
Mls Name: MichRIC
Mls Provider:
Mls ID: #25012083
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.