23718 Longacre StFarmingtonMI48335
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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 23718 Longacre St, Farmington, MI, 48335 uses $112,677 cash to close to unlock $6,266/yr annual cash flow and $522/mo monthly cash flow. Total monthly income runs $2,764/mo, and a $1,664/mo payment keeps the spread at $522/mo. Purchase price stands at $339,900, and rental yield measures 9.76% with $2,764/mo rent. Return on cash invested shows 25.47% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 133.23% and total cumulative return in cash records $150,119. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,764/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1951
0.42 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
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Listed by: Dean Gozowsky • Keller Williams Advantage
Mls Name: Realcomp II
Mls ID: #20251035723