38215 French Pond, Farmington Hills, MI, 48331 | 7.16% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Farmington Hills at 38215 French Pond, Farmington Hills, MI, 48331 listed at $584,900 pairs $3,491/mo rent with a $2,863/mo payment. Total monthly income runs $3,491/mo. Return on cash invested measures 15.94% in year one, and rental yield registers 7.16% at a $584,900 basis. Equity gained on principal adds $3,774/yr, and annual property appreciation at 5% supports $161,597 by year five. Five-year ROI tracks 82.71% and total cumulative return in cash totals $159,167. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,491/mo property income relative to a $2,863/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1989

0.47 Acres lot

$N/A/sqft

$295 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 48331, Farmington, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,690 (100%)
Owner Occupied HU	6,988 (80.4%)
Renter Occupied HU	1,402 (16.1%)
Vacant Housing Units	300 ( 3.5%)
Median Home Value	$400,025
Average Home Value	$433,616