31205 Leelane StFarmingtonMI48336
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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 31205 Leelane St, Farmington, MI, 48336 uses $107,704 cash to close to unlock $9,044/yr annual cash flow and $754/mo monthly cash flow. Total monthly income runs $2,896/mo, and a $1,590/mo payment keeps the spread at $754/mo. Purchase price stands at $324,900, and rental yield measures 10.7% with $2,896/mo rent. Return on cash invested shows 28.31% in year one, and 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 148.4% and total cumulative return in cash records $159,833. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,896/mo property income covering a $1,590/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.43 Acres lot
$N/A/sqft
No 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: Carol L Adams • RE/MAX Classic
Mls Name: Realcomp II
Mls ID: #20251061207