29811 Cottonwood CtFarmington HillsMI48331
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 29811 Cottonwood Ct, Farmington Hills, MI, 48331 earns $1,306/mo cash flow from $4,603/mo rent with a $2,447/mo payment. Total monthly income totals $4,603/mo, and annual cash flow totals $15,674/yr on $165,717 capital. ROI tracks 29.37% on current figures, and rental yield reads 11.05% at a $499,900 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,113 over five years. Five-year ROI reaches 154.11% and total cumulative return in cash sums $255,384. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,603/mo property income instead of your personal income.
Single Family
Built in 1986
0.48 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 |
Housing Distribution
Address Breakdown
Residential
8,873
Single Family
7,971
Multi-Family
902
Businesses
432
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian S Yaldoo • RE/MAX Classic
Mls Name: Realcomp II
Mls ID: #20251032785