6940 Wing Lake RdBloomfield HillsMI48301
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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 Bloomfield Hills at 6940 Wing Lake Rd, Bloomfield Hills, MI, 48301 earns $596/mo cash flow from $5,047/mo rent with a $3,304/mo payment. Total monthly income totals $5,047/mo, and annual cash flow totals $7,146/yr on $222,075 capital. ROI tracks 23.28% on current figures, and rental yield reads 8.97% at a $675,000 purchase. Equity gained on principal adds $4,356/yr, and 5% annual appreciation supports $186,490 over five years. Five-year ROI reaches 121.42% and total cumulative return in cash sums $269,643. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,047/mo property income instead of your personal income.
Single Family
Built in 1969
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48301, Bloomfield Hills, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,859 (100%) |
| Owner Occupied HU | 5,084 (86.8%) |
| Renter Occupied HU | 537 ( 9.2%) |
| Vacant Housing Units | 238 ( 4.1%) |
| Median Home Value | $665,460 |
| Average Home Value | $781,730 |
Housing Distribution
Address Breakdown
Residential
5,718
Single Family
5,182
Multi-Family
536
Businesses
265
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Listed by: Kathryn Paulon • KW Domain
Mls Name: Realcomp II
Mls ID: #20251058244