23017 Hawthorne StFarmingtonMI48336
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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 23017 Hawthorne St, Farmington, MI, 48336 earns $616/mo cash flow from $2,393/mo rent with a $1,319/mo payment. Total monthly income totals $2,393/mo, and annual cash flow totals $7,390/yr on $89,339 capital. ROI tracks 28.18% on current figures, and rental yield reads 10.66% at a $269,500 purchase. Equity gained on principal adds $1,739/yr, and 5% annual appreciation supports $74,458 over five years. Five-year ROI reaches 147.72% and total cumulative return in cash sums $131,976. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,393/mo property income instead of your personal income.
Single Family
Built in 1947
10,193 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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