21740 Jacksonville StFarmington 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 21740 Jacksonville St, Farmington Hills, MI, 48336 listed at $177,900 pairs $1,856/mo rent with a $871/mo payment to leave $683/mo cash flow. Total monthly income runs $1,856/mo, and annual cash flow reaches $8,191/yr on $58,974 cash to close. Return on cash invested measures 33.8% in year one, and rental yield registers 12.52% at a $177,900 basis. Equity gained on principal adds $1,148/yr, and annual property appreciation at 5% supports $49,150 by year five. Five-year ROI tracks 177.89% and total cumulative return in cash totals $104,909. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,856/mo property income relative to a $871/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
10,454 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: Mark Walski • Metro West Real Estate LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24039442
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.