34015 Hillside CtFarmingtonMI48335
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
Rental property for sale in Farmington at 34015 Hillside Ct, Farmington, MI, 48335 generates $2,416/mo in rent and, after a $1,640/mo payment, leaves $207/mo in cash flow. Total monthly income is $2,416/mo, and annual cash flow is $2,478/yr on $111,053 invested. Return on cash invested sits at 22.14% in year one, and rental yield is 8.65% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 115.36% and total cumulative return in cash sums $128,108. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,416/mo property income rather than buyer’s personal income.
Condo
Built in 1985
N/A 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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Nearby investment properties with comparable prices
Listed by: Stephen MacKenzie • KW Professionals
Mls Name: MichRIC
Mls Provider:
Mls ID: #25027046
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.