23326 Longacre CtFarmingtonMI48335
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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 23326 Longacre Ct, Farmington, MI, 48335 earns $563/mo cash flow from $3,299/mo rent with a $2,031/mo payment. Total monthly income totals $3,299/mo, and annual cash flow totals $6,750/yr on $137,573 capital. ROI tracks 24.82% on current figures, and rental yield reads 9.54% at a $415,000 purchase. Equity gained on principal adds $2,678/yr, and 5% annual appreciation supports $114,657 over five years. Five-year ROI reaches 129.7% and total cumulative return in cash sums $178,425. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,299/mo property income instead of your personal income.
Condo
Built in 1993
N/A 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
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Listed by: Susan C Flynn • Real Estate One-Commerce
Mls Name: Realcomp II
Mls ID: #20261002234