5305 Fairway LnWest 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
Rental property for sale in West Bloomfield at 5305 Fairway Ln, West Bloomfield, MI, 48323 priced at $349,500 pairs $6,622/mo rent with $3,830/mo cash flow after a $1,711/mo payment. Total monthly income equals $6,622/mo, and annual cash flow comes to $45,958/yr on $115,859 invested. Return on cash invested is 59.58% in year one, and rental yield stands at 22.74% on a $349,500 basis. Equity gained on principal adds $2,255/yr, and 5% annual appreciation accumulates to $96,560 by year five. Five-year ROI measures 317.92% and total cumulative return in cash reaches $368,341. For financing, Ziffy Mortgage’s DSCR program evaluates $6,622/mo property income against a $1,711/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
$487 monthly 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: Melinda I Nagler • Max Broock, REALTORS-Bloomfield Hills
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240065596
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-09-14 19:02:37 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702