591 Rudgate RdBloomfield HillsMI48304
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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 591 Rudgate Rd, Bloomfield Hills, MI, 48304 generates $5,892/mo in rent, after a $8,565/mo payment. Total monthly income is $5,892/mo. Return on cash invested sits at 8.42% in year one, and rental yield is 4.04% on a $1,750,000 entry. Equity gained on principal adds $11,292/yr, while 5% annual appreciation builds toward $483,493 over five years. Five-year ROI reaches 41.65% and total cumulative return in cash sums $236,181. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,892/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48304, Bloomfield Hills, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,413 (100%) |
| Owner Occupied HU | 6,231 (84.1%) |
| Renter Occupied HU | 716 ( 9.7%) |
| Vacant Housing Units | 466 ( 6.3%) |
| Median Home Value | $542,792 |
| Average Home Value | $707,910 |
Housing Distribution
Address Breakdown
Residential
7,083
Single Family
6,999
Multi-Family
84
Businesses
463
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Listed by: Danielle M Genovesi • DOBI Real Estate
Mls Name: Realcomp II
Mls ID: #20251058303