5760 Monterey CtBloomfield 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 5760 Monterey Ct, Bloomfield Hills, MI, 48301 generates $4,493/mo in rent and, after a $2,937/mo payment, leaves $536/mo in cash flow. Total monthly income is $4,493/mo, and annual cash flow is $6,432/yr on $197,400 invested. Return on cash invested sits at 23.32% in year one, and rental yield is 8.99% on a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 121.62% and total cumulative return in cash sums $240,072. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,493/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
1.04 Acres 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: Timothy Egan • RE/MAX Classic
Mls Name: Realcomp II
Mls ID: #20261001995