7233 Creeks Bend DrWest 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
Rental property for sale in West Bloomfield at 7233 Creeks Bend Dr, West Bloomfield, MI, 48322 generates $3,479/mo in rent and, after a $1,835/mo payment, leaves $1,007/mo in cash flow. Total monthly income is $3,479/mo, and annual cash flow is $12,080/yr on $124,279 invested. Return on cash invested sits at 29.63% in year one, and rental yield is 11.14% on a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation builds toward $103,578 over five years. Five-year ROI reaches 155.5% and total cumulative return in cash sums $193,255. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,479/mo property income rather than buyer’s personal income.
Condo
Built in 1976
0.25 Acres 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: Garnett Davis • RE/MAX Classic
Mls Name: MichRIC
Mls ID: #25059236