29253 Glen Oaks Blvd EFarmingtonMI48334
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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 at 29253 Glen Oaks Blvd E, Farmington, MI, 48334 uses $82,875 cash to close to unlock $3,792/yr annual cash flow and $316/mo monthly cash flow. Total monthly income runs $1,965/mo, and a $1,224/mo payment keeps the spread at $316/mo. Purchase price stands at $250,000, and rental yield measures 9.43% with $1,965/mo rent. Return on cash invested shows 24.48% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 127.91% and total cumulative return in cash records $106,006. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,965/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Townhouse
Built in 1999
N/A 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: Melinda I Nagler • Max Broock, REALTORS-Bloomfield Hills
Mls Name: Realcomp II
Mls ID: #20251013811