23360 Glencreek DrFarmington HillsMI48336
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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 Hills at 23360 Glencreek Dr, Farmington Hills, MI, 48336 uses $74,588 cash to close to unlock $630/yr annual cash flow and $53/mo monthly cash flow. Total monthly income runs $1,536/mo, and a $1,101/mo payment keeps the spread at $53/mo. Purchase price stands at $225,000, and rental yield measures 8.19% with $1,536/mo rent. Return on cash invested shows 20.75% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 107.93% and total cumulative return in cash records $80,505. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,536/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.48 Acres 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: Gena Giannuzzi • Wonderful World Realty, LLC
Mls Name: MichRIC
Mls ID: #25060466