1050 Wall St APT 5DAnn ArborMI48105
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
Investment Highlights
Investment property for sale in Ann Arbor at 1050 Wall St APT 5D, Ann Arbor, MI, 48105 earns $986/mo cash flow from $3,287/mo rent with a $1,708/mo payment. Total monthly income totals $3,287/mo, and annual cash flow totals $11,828/yr on $115,694 capital. ROI tracks 30.13% on current figures, and rental yield reads 11.3% at a $349,000 purchase. Equity gained on principal adds $2,252/yr, and 5% annual appreciation supports $96,422 over five years. Five-year ROI reaches 158.2% and total cumulative return in cash sums $183,024. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,287/mo property income instead of your personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48105, Ann Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,988 (100%) |
| Owner Occupied HU | 8,288 (46.1%) |
| Renter Occupied HU | 8,515 (47.3%) |
| Vacant Housing Units | 1,185 ( 6.6%) |
| Median Home Value | $491,269 |
| Average Home Value | $578,441 |
Housing Distribution
Address Breakdown
Residential
17,208
Single Family
14,376
Multi-Family
2,832
Businesses
619
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices