1231 Joyce Ln UNIT 14Ann ArborMI48103
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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 1231 Joyce Ln UNIT 14, Ann Arbor, MI, 48103 earns $116/mo cash flow from $2,258/mo rent with a $1,346/mo payment. Total monthly income totals $2,258/mo, and annual cash flow totals $1,388/yr on $91,129 capital. ROI tracks 21.43% on current figures, and rental yield reads 9.86% at a $274,900 purchase. Equity gained on principal adds $1,774/yr, and 5% annual appreciation supports $75,950 over five years. Five-year ROI reaches 113.12% and total cumulative return in cash sums $103,083. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,258/mo property income instead of your personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$330 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
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