35572 Heritage LnFarmingtonMI48335
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.41% yield at 35572 Heritage Ln, Farmington, MI, 48335 in Farmington is solid, but the $1,214/mo payment compresses net cash flow to $111/mo at $270,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $74,596 by year five, and $2,487/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.56) without U.S. income documentation. Total projected return: $109,973.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 7.2% |
| Monthly Cash Flow | $111 | $450 |
City averages based on Farmington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,891 |
| Total Monthly Debt Service | $1,673 |
| DSCR Ratio | 1.13x |
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 1977
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
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 1977
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Yadagiri Ileni • Community Choice Realty Associates, LLC
Mls Name: Realcomp II
Mls ID: #20251039806