550 Billingsgate Ct APT CBloomfield HillsMI48301
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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 550 Billingsgate Ct APT C, Bloomfield Hills, MI, 48301 priced at $225,000 pairs $2,108/mo rent with $625/mo cash flow after a $1,101/mo payment. Total monthly income equals $2,108/mo, and annual cash flow comes to $7,494/yr on $74,588 invested. Return on cash invested is 29.96% in year one, and rental yield stands at 11.24% on a $225,000 basis. Equity gained on principal adds $1,452/yr, and 5% annual appreciation accumulates to $62,163 by year five. Five-year ROI measures 157.28% and total cumulative return in cash reaches $117,309. For financing, Ziffy Mortgage’s DSCR program evaluates $2,108/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48301, Bloomfield Hills, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,859 (100%) |
| Owner Occupied HU | 5,084 (86.8%) |
| Renter Occupied HU | 537 ( 9.2%) |
| Vacant Housing Units | 238 ( 4.1%) |
| Median Home Value | $665,460 |
| Average Home Value | $781,730 |
Housing Distribution
Address Breakdown
Residential
5,718
Single Family
5,182
Multi-Family
536
Businesses
265
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Listed by: Lanie Hardy • KW Domain
Mls Name: Realcomp II
Mls ID: #20251034279