29944 Fernhill DrFarmington HillsMI48334
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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
Rental property for sale in Farmington Hills at 29944 Fernhill Dr, Farmington Hills, MI, 48334 generates $3,262/mo in rent and, after a $2,227/mo payment, leaves $235/mo in cash flow. Total monthly income is $3,262/mo, and annual cash flow is $2,824/yr on $150,833 invested. Return on cash invested sits at 21.78% in year one, and rental yield is 8.6% on a $455,000 entry. Equity gained on principal adds $2,936/yr, while 5% annual appreciation builds toward $125,708 over five years. Five-year ROI reaches 113.5% and total cumulative return in cash sums $171,196. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,262/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
0.28 Acres lot
$N/A/sqft
$314 annually 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: Thomas Gilliam • RE/MAX Classic
Mls Name: MichRIC
Mls Provider:
Mls ID: #25018241
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.