32005 W Twelve Mile Rd UNIT 206FarmingtonMI48334
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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 32005 W Twelve Mile Rd UNIT 206, Farmington, MI, 48334 offers a 9.13% rental yield on a $114,000 purchase with $867/mo rent. Total monthly income registers $867/mo, and a $558/mo payment leaves $115/mo available for distribution. Annual cash flow reaches $1,382/yr on $37,791 to close, and return on cash invested stands at 23.57% in year one. Equity gained on principal adds $736/yr while 5% annual appreciation supports $31,496 over five years. Portfolio math shows five-year ROI at 123.1% and total cumulative return in cash at $46,519. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $867/mo property income against a $558/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1978
8.22 Acres 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: Jee Lee • HOA Professional Group, LLC
Mls Name: MichRIC
Mls ID: #25054990