28257 New Castle RdFarmington 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 28257 New Castle Rd, Farmington Hills, MI, 48331 offers a 10.4% rental yield on a $340,000 purchase with $2,947/mo rent. Total monthly income registers $2,947/mo, and a $1,664/mo payment leaves $705/mo available for distribution. Annual cash flow reaches $8,460/yr on $112,710 to close, and return on cash invested stands at 27.41% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,936 over five years. Portfolio math shows five-year ROI at 143.61% and total cumulative return in cash at $161,862. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,947/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.36 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: Caryn Blackman • Real Estate One-Oxford
Mls Name: Realcomp II
Mls ID: #20251008135