30301 Essex DrFarmington HillsMI48331
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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 Hills at 30301 Essex Dr, Farmington Hills, MI, 48331 uses $157,993 cash to close to unlock $7,041/yr annual cash flow and $587/mo monthly cash flow. Total monthly income runs $3,743/mo, and a $2,333/mo payment keeps the spread at $587/mo. Purchase price stands at $476,600, and rental yield measures 9.42% with $3,743/mo rent. Return on cash invested shows 24.37% in year one, and 5% annual appreciation builds toward $131,676 over five years. Five-year ROI reaches 127.31% and total cumulative return in cash records $201,137. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,743/mo property income covering a $2,333/mo payment rather than investor’s personal income.
Single Family
Built in 1988
0.25 Acres lot
$N/A/sqft
$13 monthly 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: N/A • N/A
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