5593 Northcote LnWest BloomfieldMI48322
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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 5593 Northcote Ln, West Bloomfield, MI, 48322 earns from $2,510/mo rent with a $1,958/mo payment. Total monthly income totals $2,510/mo. ROI tracks 18.75% on current figures, and rental yield reads 7.53% at a $400,000 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 over five years. Five-year ROI reaches 97.15% and total cumulative return in cash sums $128,824. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,510/mo property income instead of your personal income.
Single Family
Built in 1963
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48322, West Bloomfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,218 (100%) |
| Owner Occupied HU | 9,846 (69.3%) |
| Renter Occupied HU | 3,352 (23.6%) |
| Vacant Housing Units | 1,020 ( 7.2%) |
| Median Home Value | $418,856 |
| Average Home Value | $488,278 |
Housing Distribution
Address Breakdown
Residential
13,436
Single Family
12,407
Multi-Family
1,029
Businesses
804
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Listed by: Bruce J Simon • Real Estate One-WB/FH
Mls Name: Realcomp II
Mls ID: #20251047149