23220 Fleming DrFarmingtonMI48335
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Farmington at 23220 Fleming Dr, Farmington, MI, 48335 generates $2,969/mo in rent and, after a $1,957/mo payment, leaves $332/mo in cash flow. Total monthly income is $2,969/mo, and annual cash flow is $3,986/yr on $132,567 invested. Return on cash invested sits at 22.92% in year one, and rental yield is 8.91% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 119.52% and total cumulative return in cash sums $158,444. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,969/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48335, Farmington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,258 (100%) |
| Owner Occupied HU | 5,085 (38.4%) |
| Renter Occupied HU | 7,499 (56.6%) |
| Vacant Housing Units | 674 ( 5.1%) |
| Median Home Value | $368,504 |
| Average Home Value | $391,347 |
Housing Distribution
Address Breakdown
Residential
11,018
Single Family
7,839
Multi-Family
3,179
Businesses
739
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rob Duzak • Opul Realty
Mls Name: Realcomp II
Mls ID: #20251062332