112 Perrin StYpsilantiMI48197
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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
Rental property for sale in Ypsilanti at 112 Perrin St, Ypsilanti, MI, 48197 priced at $299,900 pairs $2,102/mo rent with $124/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,102/mo, and annual cash flow comes to $1,490/yr on $99,417 invested. Return on cash invested is 21.41% in year one, and rental yield stands at 8.41% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 111.46% and total cumulative return in cash reaches $110,812. For financing, Ziffy Mortgage’s DSCR program evaluates $2,102/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1884
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48197, Ypsilanti, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,556 (100%) |
| Owner Occupied HU | 15,095 (52.9%) |
| Renter Occupied HU | 12,201 (42.7%) |
| Vacant Housing Units | 1,260 ( 4.4%) |
| Median Home Value | $294,027 |
| Average Home Value | $322,545 |
Housing Distribution
Address Breakdown
Residential
27,469
Single Family
20,309
Multi-Family
7,160
Businesses
1,506
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