59 Hillcrest RdBloomingdaleMI49026
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 3.26% gross rental yield, 59 Hillcrest Rd, Bloomingdale, MI, 49026 in Bloomingdale is priced for capital growth, not immediate cash flow. The $499,999 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $138,141 by year five, with $4,605/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.60) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $65,631.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.3% | 7.1% |
| Monthly Cash Flow | $(1,940) | $300 |
City averages based on Bloomingdale market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,357 |
| Total Monthly Debt Service | $3,098 |
| DSCR Ratio | 0.44x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Home Type Unknown
Built in 1964
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49026, Bloomingdale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,139 (100%) |
| Owner Occupied HU | 682 (59.9%) |
| Renter Occupied HU | 129 (11.3%) |
| Vacant Housing Units | 328 (28.8%) |
| Median Home Value | $241,406 |
| Average Home Value | $306,650 |
Housing Distribution
Address Breakdown
Residential
809
Single Family
791
Multi-Family
18
Businesses
60
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Home Type Unknown
Built in 1964
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49026, Bloomingdale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,139 (100%) |
| Owner Occupied HU | 682 (59.9%) |
| Renter Occupied HU | 129 (11.3%) |
| Vacant Housing Units | 328 (28.8%) |
| Median Home Value | $241,406 |
| Average Home Value | $306,650 |
Housing Distribution
Address Breakdown
Residential
809
Single Family
791
Multi-Family
18
Businesses
60
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A