7405 Cornwall CtWest BloomfieldMI48322
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow7405 Cornwall Ct, West Bloomfield, MI, 48322 in West Bloomfield is a top-tier cash-flow asset. At $375,000 it produces $4,942/mo in rent and $2,402/mo in net monthly income, a 15.81% gross rental yield. The DSCR of 2.93 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $28,824. Five-year appreciation adds $103,606, driving a total cumulative return of $297,752.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.8% | 6.5% |
| Monthly Cash Flow | $2,402 | $450 |
City averages based on West Bloomfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,942 |
| Total Monthly Debt Service | $2,390 |
| DSCR Ratio | 2.07x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1954
0.40 Acres lot
$N/A/sqft
$400 semi-annually 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
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
Single Family
Built in 1954
0.40 Acres lot
$N/A/sqft
$400 semi-annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices