117 E Summit 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 117 E Summit St, Ann Arbor, MI, 48104 uses $164,093 cash to close to unlock $460/yr annual cash flow and $38/mo monthly cash flow. Total monthly income runs $3,472/mo, and a $2,423/mo payment keeps the spread at $38/mo. Purchase price stands at $495,000, and rental yield measures 8.42% with $3,472/mo rent. Return on cash invested shows 20.19% in year one, and 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 105.33% and total cumulative return in cash records $172,846. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,472/mo property income covering a $2,423/mo payment rather than investor’s personal income.
Multi Family
Built in 1901
3,484 sqft 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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