29321 Laurel Dr, Farmington, MI, 48331 | $2,137/mo Cash Flow

Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
1667 sft

292 W Woodland St, Ferndale, MI, 48220

4 Bed
3 Bath
3338 sft

562 Burns Rd, Milford, MI, 48381

3 Bed
2 Bath
2160 sft

1011 Knowles St, Royal Oak, MI, 48067

4 Bed
2 Bath
2460 sft

3460 Ramada Dr, Highland, MI, 48356

Nearby investment properties with comparable prices

3 Bed
1 Bath
930 sft

3460 Chalice St, Lake Orion, MI, 48359

3 Bed
1 Bath
1645 sft

8734 Shari Dr, Westland, MI, 48185

3 Bed
2 Bath
1794 sft

1961 Pelham Rd, Dearborn, MI, 48124

2 Bed
2 Bath
1609 sft

6693 Maple Lakes Dr #62, West Bloomfield, MI, 48322

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Farmington at 29321 Laurel Dr, Farmington, MI, 48331 listed at $239,000 pairs $4,058/mo rent with a $1,170/mo payment to leave $2,137/mo cash flow. Total monthly income runs $4,058/mo, and annual cash flow reaches $25,640/yr on $79,229 cash to close. Return on cash invested measures 52.27% in year one, and rental yield registers 20.37% at a $239,000 basis. Equity gained on principal adds $1,542/yr, and annual property appreciation at 5% supports $66,031 by year five. Five-year ROI tracks 278.82% and total cumulative return in cash totals $220,908. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,058/mo property income relative to a $1,170/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1989

N/A lot

$N/A/sqft

$345 monthly 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