22192 Cape Cod WayFarmingtonMI48336
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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 at 22192 Cape Cod Way, Farmington, MI, 48336 uses $54,035 cash to close to unlock $2,687/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,299/mo, and a $798/mo payment keeps the spread at $224/mo. Purchase price stands at $163,000, and rental yield measures 9.56% with $1,299/mo rent. Return on cash invested shows 24.88% in year one, and 5% annual appreciation builds toward $45,034 over five years. Five-year ROI reaches 130.04% and total cumulative return in cash records $70,267. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,299/mo property income covering a $798/mo payment rather than investor’s personal income.
Townhouse
Built in 1995
N/A 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: Deborah A Deguise • Century 21 Dynamic Realty
Mls Name: Realcomp II
Mls ID: #20251061400