31711 Belmont StFarmington HillsMI48336
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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 31711 Belmont St, Farmington Hills, MI, 48336 offers a 9.56% rental yield on a $427,500 purchase with $3,404/mo rent. Total monthly income registers $3,404/mo, and a $2,092/mo payment leaves $585/mo available for distribution. Annual cash flow reaches $7,023/yr on $141,716 to close, and return on cash invested stands at 24.86% in year one. Equity gained on principal adds $2,759/yr while 5% annual appreciation supports $118,110 over five years. Portfolio math shows five-year ROI at 129.96% and total cumulative return in cash at $184,174. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,404/mo property income against a $2,092/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
0.56 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: Tom Webb • Century 21 Signature Realty Midland
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50172389
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.