756 Great Oaks DrBloomfield HillsMI48304
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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
Investment Highlights
Rental property for sale in Bloomfield Hills at 756 Great Oaks Dr, Bloomfield Hills, MI, 48304 priced at $530,000 pairs $3,535/mo rent with $40/mo cash flow after a $2,594/mo payment. Total monthly income equals $3,535/mo, and annual cash flow comes to $480/yr on $174,370 invested. Return on cash invested is 20.34% in year one, and rental yield stands at 8% on a $530,000 basis. Equity gained on principal adds $3,420/yr, and 5% annual appreciation accumulates to $146,429 by year five. Five-year ROI measures 105.62% and total cumulative return in cash reaches $184,171. For financing, Ziffy Mortgage’s DSCR program evaluates $3,535/mo property income against a $2,594/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.46 Acres 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: Kathy Coon • BHHS Michigan RE Great Lakes RH
Mls Name: Realcomp II
Mls ID: #20261004893