111 N Ashley St SUITE 313Ann 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 111 N Ashley St SUITE 313, Ann Arbor, MI, 48104 uses $119,307 cash to close to unlock $3,194/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $2,870/mo, and a $1,762/mo payment keeps the spread at $266/mo. Purchase price stands at $359,900, and rental yield measures 9.57% with $2,870/mo rent. Return on cash invested shows 22.59% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 118.59% and total cumulative return in cash records $141,482. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,870/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$230 monthly 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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