29850 W Twelve Mile Rd APT 512FarmingtonMI48334
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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 29850 W Twelve Mile Rd APT 512, Farmington, MI, 48334 earns $138/mo cash flow from $863/mo rent with a $538/mo payment. Total monthly income totals $863/mo, and annual cash flow totals $1,656/yr on $36,465 capital. ROI tracks 24.45% on current figures, and rental yield reads 9.41% at a $109,999 purchase. Equity gained on principal adds $710/yr, and 5% annual appreciation supports $30,391 over five years. Five-year ROI reaches 127.68% and total cumulative return in cash sums $46,559. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $863/mo property income instead of your personal income.
Condo
Built in 1981
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: Natalya Tolomei • Real Deal Realty
Mls Name: Realcomp II
Mls ID: #20251032058