36896 Chesapeake RdFarmington HillsMI48335
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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 Hills at 36896 Chesapeake Rd, Farmington Hills, MI, 48335 offers a 8.79% rental yield on a $529,900 purchase with $3,881/mo rent. Total monthly income registers $3,881/mo, and a $2,594/mo payment leaves $386/mo available for distribution. Annual cash flow reaches $4,634/yr on $174,337 to close, and return on cash invested stands at 22.72% in year one. Equity gained on principal adds $3,419/yr while 5% annual appreciation supports $146,402 over five years. Portfolio math shows five-year ROI at 118.43% and total cumulative return in cash at $206,471. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,881/mo property income against a $2,594/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
0.34 Acres 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: Robert C Sprader • KW Showcase Realty
Mls Name: Realcomp II
Mls ID: #20251039482