5193 Kellen LnBloomfield HillsMI48302
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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 5193 Kellen Ln, Bloomfield Hills, MI, 48302 uses $230,267 cash to close to unlock $8,462/yr annual cash flow and $705/mo monthly cash flow. Total monthly income runs $5,321/mo, and a $3,426/mo payment keeps the spread at $705/mo. Purchase price stands at $699,900, and rental yield measures 9.12% with $5,321/mo rent. Return on cash invested shows 23.74% in year one, and 5% annual appreciation builds toward $193,369 over five years. Five-year ROI reaches 123.87% and total cumulative return in cash records $285,236. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,321/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48302, Bloomfield Hills, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,444 (100%) |
| Owner Occupied HU | 5,900 (79.3%) |
| Renter Occupied HU | 1,060 (14.2%) |
| Vacant Housing Units | 484 ( 6.5%) |
| Median Home Value | $647,789 |
| Average Home Value | $792,258 |
Housing Distribution
Address Breakdown
Residential
6,942
Single Family
6,794
Multi-Family
148
Businesses
766
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Listed by: Marisa Thomas • DOBI Real Estate
Mls Name: Realcomp II
Mls ID: #20261004442