7107 Pebble Park Dr #163West BloomfieldMI48322
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
Investment property for sale in West Bloomfield at 7107 Pebble Park Dr #163, West Bloomfield, MI, 48322 uses $96,135 cash to close to unlock $9,384/yr annual cash flow and $782/mo monthly cash flow. Total monthly income runs $2,694/mo, and a $1,419/mo payment keeps the spread at $782/mo. Purchase price stands at $290,000, and rental yield measures 11.15% with $2,694/mo rent. Return on cash invested shows 29.67% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 155.7% and total cumulative return in cash records $149,680. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,694/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Condo
Built in 1974
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert A Levine • Signature Sotheby's International Realty Nvl
Mls Name: Realcomp II
Mls ID: #20261005972