product

markets

method

340 Concord Pl, Bloomfield Hills, MI 48304 — $234,999 · 2bd · ~1% rule | OnePercent

340 Concord Pl, Bloomfield Hills, MI 48304

$234,999

Home·Bloomfield Hills 48304·340 Concord Pl, Bloomfield Hills, MI 48304

Confirmed 1 day ago

340 Concord Pl, Bloomfield Hills, MI 48304

2 bd · 1.5 ba · 1,050 sqft · built 1963 · Bloomfield Hills · CONDOS·source listing ↗

$234,999

rent, three ways

OnePercent model (vv1)$2,344/mo

p10–p90 confidence band

HUD Fair Market Rent · 48304 · 2BR$1,880/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Oakland

Flood risk indexRelatively Moderate FEMA NRI

Median household income$143,204

Median area rent$1,468/mo

Median home value$494,600

the verdict

1.00%vs 0.8% target

financing: 20% down · — (FRED, live) · 30yr

$234,999

1.00% · rent $2,344

Intrinsic value · income approach

$437,904

46% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.