29342 New Bradford Dr, Farmington Hills, MI, 48331 | $972/mo Cash Flow

Recently Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
2169 sft

1494 Ranier Blvd, Canton, MI, 48187

4 Bed
4 Bath
3023 sft

411 Cherry Tree Ln, Rochester Hills, MI, 48306

4 Bed
3 Bath
2166 sft

29961 Rock Creek Dr, Southfield, MI, 48076

3 Bed
3 Bath
1428 sft

3225 N Vermont Ave, Royal Oak, MI, 48073

Nearby investment properties with comparable prices

4 Bed
2 Bath
1919 sft

2769 Colonial Way, Bloomfield Hills, MI, 48304

4 Bed
3 Bath
2074 sft

7234 Castell Blvd #81, Van Buren Township, MI, 48111

3 Bed
3 Bath
1983 sft

1535 Arcadia Dr, Milford, MI, 48381

4 Bed
3 Bath
2114 sft

44080 Harsdale Dr, Canton, MI, 48187

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

Rental property for sale in Farmington Hills at 29342 New Bradford Dr, Farmington Hills, MI, 48331 generates $3,940/mo in rent and, after a $2,203/mo payment, leaves $972/mo in cash flow. Total monthly income is $3,940/mo, and annual cash flow is $11,664/yr on $149,175 invested. Return on cash invested sits at 27.73% in year one, and rental yield is 10.51% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 145.29% and total cumulative return in cash sums $216,738. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,940/mo property income rather than buyer’s personal income.

Single Family

Built in 1971

0.28 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