30475 W Forteen Mile Rd APT 77Farmington HillsMI48334
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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 30475 W Forteen Mile Rd APT 77, Farmington Hills, MI, 48334 earns $115/mo cash flow from $807/mo rent with a $514/mo payment. Total monthly income totals $807/mo, and annual cash flow totals $1,374/yr on $34,808 capital. ROI tracks 23.86% on current figures, and rental yield reads 9.22% at a $105,000 purchase. Equity gained on principal adds $678/yr, and 5% annual appreciation supports $29,010 over five years. Five-year ROI reaches 124.6% and total cumulative return in cash sums $43,370. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $807/mo property income instead of your personal income.
Condo
Built in 1979
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: Derek R Bauer • Real Estate One-Brighton
Mls Name: Realcomp II
Mls ID: #20251061981