Unit C - End Unit Plan, Gramercy RidgeWest 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
Total monthly income is $2,694/mo. Return on cash invested measures 9.2% in year one, and rental yield stands at 4.34% at a $744,900 entry. Equity gained on principal adds $4,807/yr while 5% annual appreciation compounds into $205,802 by year five. Five-year ROI records 45.91% and total cumulative return in cash reaches $112,500. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,694/mo property income versus a $3,646/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2025
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: N/A • Hunter Pasteur Homes
Mls Name: Hunter Pasteur Homes
Mls ID: #N/A