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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

7470 W Greenwich Dr Bloomfield Village, MI 48301

3 Beds 2 Baths 2,334 sqft Built 1953
Last updated:  Jun 30, 2018

INVESTimate

$341,779

$299K - $385K

Price Est.

$2,830

$2.6K - $3.0K

Rent Est.

$373,530  ( +9.29%)   1 YR EST. FORECAST
  
  
  

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7470 W Greenwich Dr PROPERTY INFO

FACTS
  • Built In 1953
  • Price/Sqft : $146.43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,334 sqft
  • Baths : 2 Full

7470 W Greenwich Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BLOOMFIELD HILLS MIDDLE SCHOOL Primary Regular 685 43 10
BLOOMFIELD HILLS MIDDLE SCHOOL Middle Regular 685 43 10
BLOOMFIELD HILLS HIGH SCHOOL High Regular 840 71 9

BLOOMFIELD HILLS MIDDLE SCHOOL

  • Education Level: Primary
  • # of students: 685
  • # of teachers: 43
10
GreatSchools Rating

BLOOMFIELD HILLS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 685
  • # of teachers: 43
10
GreatSchools Rating

BLOOMFIELD HILLS HIGH SCHOOL

  • Education Level: High
  • # of students: 840
  • # of teachers: 71
9
GreatSchools Rating
 

Financial Details

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Neighborhood

Bloomfield Berkshire

  • 961

    POPULATION
  • 378

    HOUSEHOLDS
  • 93.1%

    WHITE COLLAR

Neighborhood : Bloomfield Berkshire

HOUSEHOLDS
378
POPULATION

961

29.1%Renters
70.9%Home Owners
LABOR FORCE

 

93.1%White Collar
6.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,585 per month.

MY RENT : $2,585 MEDIAN RENT : $3,574

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $2,585 would therefore be considered affordable for annual household incomes greater than $103,400 (12 months x 3.333 x $2,585).

Rent % Affordability
Above $500 94.7%
Above $700 84.8%
Above $1,100 78.5%
Above $1,500 76.9%
Above $1,900 70.0%
HOUSEHOLD INCOME RANGE

Approximately 99 of households in this neighborhood have a total annual income of $103,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,585 per month.

MINIMUM INCOME RANGE : $103,400

Income % Distribution
<$20K 5.3%
$20K-$35K 14.9%
$35K-$60K 2.9%
$60K-$100K 32.1%
>=$100K 44.8%
COMMUTE TIME DISTRIBUTION

73% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.3%
5-9 mins 6.5%
10-14 mins 8.1%
15-19 mins 15.3%
20-29 mins 35.0%
30-44 mins 22.3%
45-59 mins 3.5%
>60 mins 0.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,585 per month.

MY RENT : $2,585 MEDIAN RENT : $3,574

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $2,585 would therefore be considered affordable for annual household incomes greater than $103,400 (12 months x 3.333 x $2,585).

Rent % Affordability
Above $500 94.7%
Above $700 84.8%
Above $1,100 78.5%
Above $1,500 76.9%
Above $1,900 70.0%
HOUSEHOLD INCOME RANGE

Approximately 99 of households in this neighborhood have a total annual income of $103,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,585 per month.

MINIMUM INCOME RANGE : $103,400

Income % Distribution
<$20K 5.3%
$20K-$35K 14.9%
$35K-$60K 2.9%
$60K-$100K 32.1%
>=$100K 44.8%
COMMUTE TIME DISTRIBUTION

73% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.3%
5-9 mins 6.5%
10-14 mins 8.1%
15-19 mins 15.3%
20-29 mins 35.0%
30-44 mins 22.3%
45-59 mins 3.5%
>60 mins 0.0%

Bloomfield Berkshire Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 13.5%
Educational Services 18.6%
Financial Industries 7.6%
Health Care & Social Assistance 14.3%
Manufacturing 6.1%
Professional & Scientific Tech Services 20.9%
Other 18.9%
AGE DISTRIBUTION

44% of the population is between the ages of 25 and 64, 32% is 24 or younger and 24% is 65 or older.

Age % Distribution
<15 13.7%
15-19 7.2%
20-24 11.1%
25-44 9.7%
45-65 34.4%
66+ 23.8%
OCCUPATION

Occupation % Distribution
Adesm 9.0%
Construction 13.5%
Healthcare 11.1%
Legal 5.5%
Management, Business, & Financial 23.5%
Sales & Office 24.2%
Other 13.1%
HIGHEST EDUCATION LEVEL

38% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
High School 8.4%
Masters Degree 20.2%
Professional 15.2%
Some College 18.1%
Some High School 2.8%
Other 35.3%

7470 W Greenwich Dr Comps

Sorry, we do not have sufficient data available.

7470 W Greenwich Dr, Bloomfield Village, MI 48301 is a single family home of 2,334 sqft. HomeUnion INVESTimateĀ® for 7470 W Greenwich Dr includes a Price Estimate of $341,779 and a Rent Estimate of $2,830. This single family home has 3 bedrooms,2 bathrooms, and was built in 1953. This property has an estimated 15 year annualized Yield of 9.94% and Total Return of 36.46%. The estimated 1 year forecast in home value for 7470 W Greenwich Dr is 9.29%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , OAKLAND County , or the 48301 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2