29705 Pine Ridge Cir #35FarmingtonMI48331
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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 at 29705 Pine Ridge Cir #35, Farmington, MI, 48331 uses $87,814 cash to close to unlock $3,140/yr annual cash flow and $262/mo monthly cash flow. Total monthly income runs $2,009/mo, and a $1,297/mo payment keeps the spread at $262/mo. Purchase price stands at $264,900, and rental yield measures 9.1% with $2,009/mo rent. Return on cash invested shows 23.48% in year one, and 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 122.54% and total cumulative return in cash records $107,612. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,009/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No 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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Listed by: Kathryn B Strelecki • National Realty Centers, Inc
Mls Name: Realcomp II
Mls ID: #20251050375