4730 Mirror Lake DrWest BloomfieldMI48323
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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 West Bloomfield at 4730 Mirror Lake Dr, West Bloomfield, MI, 48323 offers a 9.96% rental yield on a $749,000 purchase with $6,215/mo rent. Total monthly income registers $6,215/mo, and a $3,666/mo payment leaves $1,276/mo available for distribution. Annual cash flow reaches $15,308/yr on $246,421 to close, and return on cash invested stands at 26.27% in year one. Equity gained on principal adds $4,833/yr while 5% annual appreciation supports $206,935 over five years. Portfolio math shows five-year ROI at 137.47% and total cumulative return in cash at $338,764. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,215/mo property income against a $3,666/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.33 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
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Listed by: Christine Lynn • The Agency Hall & Hunter
Mls Name: Realcomp II
Mls ID: #20251013526