5361 Echo RdBloomfield 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
Rental property for sale in Bloomfield Hills at 5361 Echo Rd, Bloomfield Hills, MI, 48302 generates $6,100/mo in rent and, after a $3,177/mo payment, leaves $1,820/mo in cash flow. Total monthly income is $6,100/mo, and annual cash flow is $21,836/yr on $213,521 invested. Return on cash invested sits at 30.29% in year one, and rental yield is 11.28% on a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 158.99% and total cumulative return in cash sums $339,480. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,100/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
0.46 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: Gwen J Schultz • The Agency Hall & Hunter
Mls Name: Realcomp II
Mls ID: #20251048983