34057 State StFarmingtonMI48335
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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 34057 State St, Farmington, MI, 48335 listed at $425,000 pairs $3,721/mo rent with a $2,080/mo payment to leave $919/mo cash flow. Total monthly income runs $3,721/mo, and annual cash flow reaches $11,022/yr on $140,888 cash to close. Return on cash invested measures 27.73% in year one, and rental yield registers 10.51% at a $425,000 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,420 by year five. Five-year ROI tracks 145.34% and total cumulative return in cash totals $204,761. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,721/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1961
8,712 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: Nicoleta Lucaci • Devonshire Realty LLC
Mls Name: MichRIC
Mls ID: #26002029