35375 Blue Spruce DrFarmingtonMI48335
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 35375 Blue Spruce Dr, Farmington, MI, 48335 in Farmington speaks for itself: 15.5% gross on a $324,900 price, generating $4,198/mo in rent and $1,644/mo in net income after the $1,461/mo debt service. DSCR 2.87, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $19,729 stacks alongside $89,764 in projected five-year appreciation and $2,992/yr in principal reduction. Projected total cumulative return: $231,381.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.5% | 7.2% |
| Monthly Cash Flow | $1,644 | $450 |
City averages based on Farmington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,198 |
| Total Monthly Debt Service | $2,424 |
| DSCR Ratio | 1.73x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1988
N/A lot
$N/A/sqft
$411 monthly 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
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
Condo
Built in 1988
N/A lot
$N/A/sqft
$411 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices