7377 Cooley Lake RdWest 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 7377 Cooley Lake Rd, West Bloomfield, MI, 48324 listed at $345,000 pairs $3,175/mo rent with a $1,689/mo payment to leave $900/mo cash flow. Total monthly income runs $3,175/mo, and annual cash flow reaches $10,794/yr on $114,368 cash to close. Return on cash invested measures 29.35% in year one, and rental yield registers 11.04% at a $345,000 basis. Equity gained on principal adds $2,226/yr, and annual property appreciation at 5% supports $95,317 by year five. Five-year ROI tracks 153.99% and total cumulative return in cash totals $176,116. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,175/mo property income relative to a $1,689/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1948
10,018 sqft 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: Justin Tibble • NEXGEN Realty
Mls Name: Realcomp II
Mls ID: #20251038169