23072 Lilac 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 23072 Lilac St, Farmington, MI, 48336 uses $82,875 cash to close to unlock $6,840/yr annual cash flow and $570/mo monthly cash flow. Total monthly income runs $2,219/mo, and a $1,224/mo payment keeps the spread at $570/mo. Purchase price stands at $250,000, and rental yield measures 10.65% with $2,219/mo rent. Return on cash invested shows 28.16% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 147.62% and total cumulative return in cash records $122,338. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,219/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1948
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: Crystal Halley • RE/MAX Classic
Mls Name: Realcomp II
Mls ID: #20261001413