36952 Ridgedale CtFarmingtonMI48331
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 36952 Ridgedale Ct, Farmington, MI, 48331 in Farmington at $260,000 earns $1,822/mo in rent and nets $107/mo after the $1,169/mo payment, a 8.41% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $71,833 over five years. Ziffy Mortgage underwrites this on a 1.56 DSCR without U.S. credit history. With $2,395/yr in principal paydown, total projected return reaches $105,969.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 7.2% |
| Monthly Cash Flow | $107 | $450 |
City averages based on Farmington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,822 |
| Total Monthly Debt Service | $1,611 |
| 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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindi L Joachim • EXP Realty Main
Mls Name: Realcomp II
Mls ID: #20251012430