654 E Fox Hills DrBloomfield HillsMI48304
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
Investment Highlights
Rental property for sale in Bloomfield Hills at 654 E Fox Hills Dr, Bloomfield Hills, MI, 48304 priced at $159,999 pairs $1,281/mo rent with $226/mo cash flow after a $783/mo payment. Total monthly income equals $1,281/mo, and annual cash flow comes to $2,712/yr on $53,040 invested. Return on cash invested is 25.02% in year one, and rental yield stands at 9.61% on a $159,999 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,205 by year five. Five-year ROI measures 130.77% and total cumulative return in cash reaches $69,361. For financing, Ziffy Mortgage’s DSCR program evaluates $1,281/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1969
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Simon Joseph • Wentworth Real Estate Group
Mls Name: Realcomp II
Mls ID: #20251042959