6260 Nicholas Dr, West Bloomfield, MI, 48322 | $799/mo Cash Flow

For Sale

Listed for sale 3 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in West Bloomfield at 6260 Nicholas Dr, West Bloomfield, MI, 48322 offers a 9.94% rental yield on a $472,000 purchase with $3,911/mo rent. Total monthly income registers $3,911/mo, and a $2,310/mo payment leaves $799/mo available for distribution. Annual cash flow reaches $9,583/yr on $156,468 to close, and return on cash invested stands at 26.03% in year one. Equity gained on principal adds $3,046/yr while 5% annual appreciation supports $130,405 over five years. Portfolio math shows five-year ROI at 136.22% and total cumulative return in cash at $213,145. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,911/mo property income against a $2,310/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1976

0.66 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