0 Utley RdFarmingtonMI48334
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
Investment Highlights
Rental property for sale in Farmington at 0 Utley Rd, Farmington, MI, 48334 priced at $100,000 converts $2,390/mo rent into $1,731/mo cash flow after a $489/mo obligation. Total monthly income equals $2,390/mo, and annual cash flow totals $20,772/yr on $33,150 invested. Return on cash invested prints 82.57% in year one, and rental yield reads 28.68% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 439.4% and total cumulative return in cash sums $145,660. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,390/mo property income covering a $489/mo payment, not borrower’s personal income.
Lot
Built in N/A
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48334, Farmington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,410 (100%) |
| Owner Occupied HU | 5,175 (61.5%) |
| Renter Occupied HU | 2,716 (32.3%) |
| Vacant Housing Units | 519 ( 6.2%) |
| Median Home Value | $342,899 |
| Average Home Value | $374,387 |
Housing Distribution
Address Breakdown
Residential
7,976
Single Family
5,409
Multi-Family
2,567
Businesses
1,380
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Listed by: Daniel Mladin • Real Estate One
Mls Name: MichRIC
Mls Provider:
Mls ID: #24002693
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.