6433 Walnut Lake RdWest BloomfieldMI48323
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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 6433 Walnut Lake Rd, West Bloomfield, MI, 48323 uses $41,438 cash to close to unlock $1,662/yr annual cash flow and $139/mo monthly cash flow. Total monthly income runs $963/mo, and a $612/mo payment keeps the spread at $139/mo. Purchase price stands at $125,000, and rental yield measures 9.24% with $963/mo rent. Return on cash invested shows 23.92% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 124.97% and total cumulative return in cash records $51,785. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $963/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1952
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48323, West Bloomfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,998 (100%) |
| Owner Occupied HU | 6,318 (90.3%) |
| Renter Occupied HU | 387 ( 5.5%) |
| Vacant Housing Units | 293 ( 4.2%) |
| Median Home Value | $519,922 |
| Average Home Value | $610,475 |
Housing Distribution
Address Breakdown
Residential
6,947
Single Family
6,794
Multi-Family
153
Businesses
196
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Listed by: Benjamin Handelsman • Max Broock, REALTORS-Birmingham
Mls Name: Realcomp II
Mls ID: #20251048276