24900 Westmoreland 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 24900 Westmoreland Dr, Farmington Hills, MI, 48336 earns $771/mo cash flow from $2,980/mo rent with a $1,640/mo payment. Total monthly income totals $2,980/mo, and annual cash flow totals $9,246/yr on $111,053 capital. ROI tracks 28.23% on current figures, and rental yield reads 10.67% at a $335,000 purchase. Equity gained on principal adds $2,162/yr, and 5% annual appreciation supports $92,554 over five years. Five-year ROI reaches 148.03% and total cumulative return in cash sums $164,396. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,980/mo property income instead of your personal income.
Single Family
Built in 1955
1.06 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: Derek Werenka • SimpliHom
Mls Name: Realcomp II
Mls ID: #20251028103