29424 Regents Pointe #62FarmingtonMI48331
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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 29424 Regents Pointe #62, Farmington, MI, 48331 listed at $310,000 pairs $2,862/mo rent with a $1,517/mo payment to leave $818/mo cash flow. Total monthly income runs $2,862/mo, and annual cash flow reaches $9,816/yr on $102,765 cash to close. Return on cash invested measures 29.46% in year one, and rental yield registers 11.08% at a $310,000 basis. Equity gained on principal adds $2,000/yr, and annual property appreciation at 5% supports $85,647 by year five. Five-year ROI tracks 154.58% and total cumulative return in cash totals $158,851. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,862/mo property income relative to a $1,517/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1990
N/A 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: Lori J Marshick • RE/MAX Classic
Mls Name: Realcomp II
Mls ID: #20251054710