29020 Ramblewood DrFarmington HillsMI48334
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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 29020 Ramblewood Dr, Farmington Hills, MI, 48334 earns $752/mo cash flow from $3,851/mo rent with a $2,300/mo payment. Total monthly income totals $3,851/mo, and annual cash flow totals $9,024/yr on $155,805 capital. ROI tracks 25.7% on current figures, and rental yield reads 9.83% at a $470,000 purchase. Equity gained on principal adds $3,033/yr, and 5% annual appreciation supports $129,852 over five years. Five-year ROI reaches 134.42% and total cumulative return in cash sums $209,433. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,851/mo property income instead of your personal income.
Single Family
Built in 1965
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48334, Farmington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,410 (100%) |
| Owner Occupied HU | 5,175 (61.5%) |
| Renter Occupied HU | 2,716 (32.3%) |
| Vacant Housing Units | 519 ( 6.2%) |
| Median Home Value | $342,899 |
| Average Home Value | $374,387 |
Housing Distribution
Address Breakdown
Residential
7,976
Single Family
5,409
Multi-Family
2,567
Businesses
1,380
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Listed by: Shari Skory • Ayre Rhinehart Real Estate Partners
Mls Name: MIDMLS
Mls ID: #50192458