31111 Misty Pines DrFarmingtonMI48336
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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
Investment property for sale in Farmington at 31111 Misty Pines Dr, Farmington, MI, 48336 earns $1,297/mo cash flow from $3,803/mo rent with a $1,493/mo payment. Total monthly income totals $3,803/mo, and annual cash flow totals $15,558/yr on $101,108 capital. ROI tracks 35.3% on current figures, and rental yield reads 14.96% at a $305,000 purchase. Equity gained on principal adds $1,968/yr, and 5% annual appreciation supports $84,266 over five years. Five-year ROI reaches 188.03% and total cumulative return in cash sums $190,114. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,803/mo property income instead of your personal income.
Condo
Built in 1989
9.32 Acres lot
$N/A/sqft
$495 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48336, Farmington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,033 (100%) |
| Owner Occupied HU | 8,295 (68.9%) |
| Renter Occupied HU | 3,278 (27.2%) |
| Vacant Housing Units | 460 ( 3.8%) |
| Median Home Value | $265,302 |
| Average Home Value | $279,750 |
Housing Distribution
Address Breakdown
Residential
11,759
Single Family
9,433
Multi-Family
2,326
Businesses
932
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Listed by: Anthony Schippa • Remerica United Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #24060958
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.