1218 Waterways DrAnn ArborMI48108
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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
Rental property for sale in Ann Arbor at 1218 Waterways Dr, Ann Arbor, MI, 48108 offers $3,615/mo rent that, after a $4,288/mo payment. Total monthly income is $3,615/mo. Return on cash invested measures 10.8% in year one, and rental yield stands at 4.95% at a $876,000 entry. Equity gained on principal adds $5,653/yr while 5% annual appreciation compounds into $242,023 by year five. Five-year ROI records 54.58% and total cumulative return in cash reaches $157,309. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,615/mo property income versus a $4,288/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.96 Acres lot
$N/A/sqft
$750 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48108, Ann Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,660 (100%) |
| Owner Occupied HU | 6,549 (51.7%) |
| Renter Occupied HU | 5,485 (43.3%) |
| Vacant Housing Units | 626 ( 4.9%) |
| Median Home Value | $387,873 |
| Average Home Value | $432,287 |
Housing Distribution
Address Breakdown
Residential
12,115
Single Family
9,999
Multi-Family
2,116
Businesses
1,368
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