1117 Joyce LnAnn ArborMI48103
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 1117 Joyce Ln, Ann Arbor, MI, 48103 uses $86,190 cash to close to unlock $3,125/yr annual cash flow and $260/mo monthly cash flow. Total monthly income runs $2,417/mo, and a $1,273/mo payment keeps the spread at $260/mo. Purchase price stands at $260,000, and rental yield measures 11.16% with $2,417/mo rent. Return on cash invested shows 23.53% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 125.09% and total cumulative return in cash records $107,813. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,417/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$340 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48103, Ann Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,175 (100%) |
| Owner Occupied HU | 16,858 (64.4%) |
| Renter Occupied HU | 7,745 (29.6%) |
| Vacant Housing Units | 1,572 ( 6.0%) |
| Median Home Value | $465,693 |
| Average Home Value | $509,229 |
Housing Distribution
Address Breakdown
Residential
25,905
Single Family
22,174
Multi-Family
3,731
Businesses
1,545
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
