38360 Churchill Ln #1Farmington HillsMI48331
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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 38360 Churchill Ln #1, Farmington Hills, MI, 48331 offers a 11.75% rental yield on a $274,580 purchase with $2,689/mo rent. Total monthly income registers $2,689/mo, and a $1,344/mo payment leaves $578/mo available for distribution. Annual cash flow reaches $6,939/yr on $91,023 to close, and return on cash invested stands at 27.53% in year one. Equity gained on principal adds $1,772/yr while 5% annual appreciation supports $75,861 over five years. Portfolio math shows five-year ROI at 145.73% and total cumulative return in cash at $132,647. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,689/mo property income against a $1,344/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1999
21.34 Acres lot
$N/A/sqft
$300 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 |
Housing Distribution
Address Breakdown
Residential
8,873
Single Family
7,971
Multi-Family
902
Businesses
432
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