121 College PlYpsilantiMI48197
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
Rental property for sale in Ypsilanti at 121 College Pl, Ypsilanti, MI, 48197 generates $1,738/mo in rent, after a $1,908/mo payment. Total monthly income is $1,738/mo. Return on cash invested sits at 12.18% in year one, and rental yield is 5.35% on a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 61.94% and total cumulative return in cash sums $80,053. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,738/mo property income rather than buyer’s personal income.
Multi Family
Built in 1895
5,662 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
