737 E Fox Hills Dr #1Bloomfield HillsMI48304
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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
Rental property for sale in Bloomfield Hills at 737 E Fox Hills Dr #1, Bloomfield Hills, MI, 48304 generates $997/mo in rent and, after a $636/mo payment, leaves $140/mo in cash flow. Total monthly income is $997/mo, and annual cash flow is $1,682/yr on $43,062 invested. Return on cash invested sits at 23.81% in year one, and rental yield is 9.21% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 124.41% and total cumulative return in cash sums $53,575. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $997/mo property income rather than buyer’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48304, Bloomfield Hills, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,413 (100%) |
| Owner Occupied HU | 6,231 (84.1%) |
| Renter Occupied HU | 716 ( 9.7%) |
| Vacant Housing Units | 466 ( 6.3%) |
| Median Home Value | $542,792 |
| Average Home Value | $707,910 |
Housing Distribution
Address Breakdown
Residential
7,083
Single Family
6,999
Multi-Family
84
Businesses
463
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Listed by: Danny Kasyouhanan • 4Houses Realty, LLC
Mls Name: Realcomp II
Mls ID: #20261000108