21370 Purdue AveFarmington HillsMI48336
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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
Investment property for sale in Farmington Hills at 21370 Purdue Ave, Farmington Hills, MI, 48336 earns $746/mo cash flow from $2,395/mo rent with a $1,224/mo payment. Total monthly income totals $2,395/mo, and annual cash flow totals $8,952/yr on $82,875 capital. ROI tracks 30.71% on current figures, and rental yield reads 11.5% at a $249,999 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 161.29% and total cumulative return in cash sums $133,666. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,395/mo property income instead of your personal income.
Single Family
Built in 1956
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48336, Farmington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,033 (100%) |
| Owner Occupied HU | 8,295 (68.9%) |
| Renter Occupied HU | 3,278 (27.2%) |
| Vacant Housing Units | 460 ( 3.8%) |
| Median Home Value | $265,302 |
| Average Home Value | $279,750 |
Housing Distribution
Address Breakdown
Residential
11,759
Single Family
9,433
Multi-Family
2,326
Businesses
932
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Listed by: Mayer Stein • KW Domain
Mls Name: Realcomp II
Mls ID: #20251055247