6700 Ridgefield Cir APT 201West BloomfieldMI48322
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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 6700 Ridgefield Cir APT 201, West Bloomfield, MI, 48322 offers a 8.37% rental yield on a $225,000 purchase with $1,569/mo rent. Total monthly income registers $1,569/mo, and a $1,101/mo payment leaves $86/mo available for distribution. Annual cash flow reaches $1,026/yr on $74,588 to close, and return on cash invested stands at 21.28% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 110.78% and total cumulative return in cash at $82,629. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,569/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A 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 |
Housing Distribution
Address Breakdown
Residential
13,436
Single Family
12,407
Multi-Family
1,029
Businesses
804
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Listed by: Stephanie Ratledge • RE/MAX Eclipse
Mls Name: Realcomp II
Mls ID: #20251059963