2862 Foxfire DrMilfordMI48380
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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 Milford at 2862 Foxfire Dr, Milford, MI, 48380 uses $221,647 cash to close to unlock $20,121/yr annual cash flow and $1,677/mo monthly cash flow. Total monthly income runs $6,119/mo, and a $3,297/mo payment keeps the spread at $1,677/mo. Purchase price stands at $673,700, and rental yield measures 10.9% with $6,119/mo rent. Return on cash invested shows 29.14% in year one, and 5% annual appreciation builds toward $186,131 over five years. Five-year ROI reaches 152.83% and total cumulative return in cash records $338,751. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,119/mo property income covering a $3,297/mo payment rather than investor’s personal income.
Single Family
Built in 1990
3.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48380, Milford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,871 (100%) |
| Owner Occupied HU | 2,700 (94.0%) |
| Renter Occupied HU | 97 ( 3.4%) |
| Vacant Housing Units | 74 ( 2.6%) |
| Median Home Value | $455,510 |
| Average Home Value | $485,569 |
Housing Distribution
Address Breakdown
Residential
2,981
Single Family
2,981
Multi-Family
0
Businesses
25
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