1060 Chestnut StAnn ArborMI48104
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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 Ann Arbor at 1060 Chestnut St, Ann Arbor, MI, 48104 listed at $1,235,000 pairs $4,049/mo rent with a $6,045/mo payment. Total monthly income runs $4,049/mo. Return on cash invested measures 8.09% in year one, and rental yield registers 3.93% at a $1,235,000 basis. Equity gained on principal adds $7,969/yr, and annual property appreciation at 5% supports $341,208 by year five. Five-year ROI tracks 39.9% and total cumulative return in cash totals $159,644. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,049/mo property income relative to a $6,045/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1957
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48104, Ann Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,614 (100%) |
| Owner Occupied HU | 6,482 (34.8%) |
| Renter Occupied HU | 10,844 (58.3%) |
| Vacant Housing Units | 1,288 ( 6.9%) |
| Median Home Value | $496,124 |
| Average Home Value | $616,672 |
Housing Distribution
Address Breakdown
Residential
18,397
Single Family
11,535
Multi-Family
6,862
Businesses
2,114
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