26557 Old Homestead DrFarmington HillsMI48331
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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 26557 Old Homestead Dr, Farmington Hills, MI, 48331 listed at $448,000 pairs $2,841/mo rent with a $2,193/mo payment. Total monthly income runs $2,841/mo. Return on cash invested measures 18.99% in year one, and rental yield registers 7.61% at a $448,000 basis. Equity gained on principal adds $2,891/yr, and annual property appreciation at 5% supports $123,774 by year five. Five-year ROI tracks 98.46% and total cumulative return in cash totals $146,222. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,841/mo property income relative to a $2,193/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1971
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48331, Farmington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,690 (100%) |
| Owner Occupied HU | 6,988 (80.4%) |
| Renter Occupied HU | 1,402 (16.1%) |
| Vacant Housing Units | 300 ( 3.5%) |
| Median Home Value | $400,025 |
| Average Home Value | $433,616 |
Housing Distribution
Address Breakdown
Residential
8,873
Single Family
7,971
Multi-Family
902
Businesses
432
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Listed by: Desiree Bourgeois • Redfin Corporation
Mls Name: Realcomp II
Mls ID: #20251051988