28721 Oak Point 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
Rental property for sale in Farmington Hills at 28721 Oak Point Dr, Farmington Hills, MI, 48331 generates $3,787/mo in rent and, after a $2,153/mo payment, leaves $886/mo in cash flow. Total monthly income is $3,787/mo, and annual cash flow is $10,634/yr on $145,827 invested. Return on cash invested sits at 27.2% in year one, and rental yield is 10.33% on a $439,900 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation builds toward $121,536 over five years. Five-year ROI reaches 142.51% and total cumulative return in cash sums $207,819. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,787/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
0.67 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: Thomas C Farrell • Crown Real Estate Group
Mls Name: Realcomp II
Mls ID: #20251040757