7276 SomerbyWest 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 7276 Somerby, West Bloomfield, MI, 48322 uses $90,466 cash to close to unlock $265/yr annual cash flow and $22/mo monthly cash flow. Total monthly income runs $1,822/mo, and a $1,336/mo payment keeps the spread at $22/mo. Purchase price stands at $272,900, and rental yield measures 8.01% with $1,822/mo rent. Return on cash invested shows 20.2% in year one, and 5% annual appreciation builds toward $75,397 over five years. Five-year ROI reaches 105% and total cumulative return in cash records $94,992. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,822/mo property income covering a $1,336/mo payment rather than investor’s personal income.
Condo
Built in 1987
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: Nader Hersh • Epique Realty
Mls Name: Realcomp II
Mls ID: #20251052682