7240 Aaronway DrWest BloomfieldMI48324
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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 7240 Aaronway Dr, West Bloomfield, MI, 48324 uses $197,400 cash to close to unlock $2,076/yr annual cash flow and $173/mo monthly cash flow. Total monthly income runs $4,130/mo, and a $2,937/mo payment keeps the spread at $173/mo. Purchase price stands at $599,999, and rental yield measures 8.26% with $4,130/mo rent. Return on cash invested shows 21.11% in year one, and 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 109.79% and total cumulative return in cash records $216,719. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,130/mo property income covering a $2,937/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48324, West Bloomfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,849 (100%) |
| Owner Occupied HU | 6,146 (89.7%) |
| Renter Occupied HU | 443 ( 6.5%) |
| Vacant Housing Units | 260 ( 3.8%) |
| Median Home Value | $446,353 |
| Average Home Value | $604,847 |
Housing Distribution
Address Breakdown
Residential
6,618
Single Family
6,446
Multi-Family
172
Businesses
57
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Listed by: Nicholas J Garcia • Paradise Realty II LLC
Mls Name: Realcomp II
Mls ID: #20251038077