33850 Colfax DrFarmington HillsMI48335
Nearby investment properties with comparable rents
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 Hills at 33850 Colfax Dr, Farmington Hills, MI, 48335 earns $214/mo cash flow from $1,961/mo rent with a $1,297/mo payment. Total monthly income totals $1,961/mo, and annual cash flow totals $2,562/yr on $87,848 capital. ROI tracks 22.83% on current figures, and rental yield reads 8.88% at a $265,000 purchase. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 over five years. Five-year ROI reaches 119.04% and total cumulative return in cash sums $104,571. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,961/mo property income instead of your personal income.
Single Family
Built in 1972
9,147 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: Vickie Reasons • Coldwell Banker Professionals-Northville
Mls Name: Realcomp II
Mls ID: #20251056140