24435 Springbrook 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
Rental property for sale in Farmington Hills at 24435 Springbrook Dr, Farmington Hills, MI, 48336 generates $2,795/mo in rent and, after a $1,835/mo payment, leaves $323/mo in cash flow. Total monthly income is $2,795/mo, and annual cash flow is $3,870/yr on $124,313 invested. Return on cash invested sits at 23.02% in year one, and rental yield is 8.94% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 120.08% and total cumulative return in cash sums $149,271. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,795/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.93 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: Nikolas D Leible • KW Professionals
Mls Name: Realcomp II
Mls ID: #20251019857