38256 Saratoga CirFarmingtonMI48331
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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
Investment Highlights
Investment property for sale in Farmington at 38256 Saratoga Cir, Farmington, MI, 48331 earns from $2,376/mo rent with a $1,801/mo payment. Total monthly income totals $2,376/mo. ROI tracks 16.46% on current figures, and rental yield reads 7.75% at a $368,000 purchase. Equity gained on principal adds $2,375/yr, and 5% annual appreciation supports $101,672 over five years. Five-year ROI reaches 85.96% and total cumulative return in cash sums $104,869. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,376/mo property income instead of your personal income.
Condo
Built in 1998
N/A 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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Nearby investment properties with comparable prices
Listed by: Tanta Ghita • RE/MAX Classic
Mls Name: MichRIC
Mls Provider:
Mls ID: #25013378
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.