33690 N Bostwick RdFarmingtonMI48335
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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 33690 N Bostwick Rd, Farmington, MI, 48335 earns from $2,534/mo rent with a $2,900/mo payment. Total monthly income totals $2,534/mo. ROI tracks 11.61% on current figures, and rental yield reads 5.13% at a $592,500 purchase. Equity gained on principal adds $3,823/yr, and 5% annual appreciation supports $163,697 over five years. Five-year ROI reaches 58.82% and total cumulative return in cash sums $114,657. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,534/mo property income instead of your personal income.
Single Family
Built in 2024
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48335, Farmington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,258 (100%) |
| Owner Occupied HU | 5,085 (38.4%) |
| Renter Occupied HU | 7,499 (56.6%) |
| Vacant Housing Units | 674 ( 5.1%) |
| Median Home Value | $368,504 |
| Average Home Value | $391,347 |
Housing Distribution
Address Breakdown
Residential
11,018
Single Family
7,839
Multi-Family
3,179
Businesses
739
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Listed by: Brian Duggan • Duggan Realty
Mls Name: MichRIC
Mls ID: #24019017