1255 Joyce LnAnn 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 1255 Joyce Ln, Ann Arbor, MI, 48103 listed at $260,000 pairs $2,362/mo rent with a $1,273/mo payment to leave $647/mo cash flow. Total monthly income runs $2,362/mo, and annual cash flow reaches $7,764/yr on $86,190 cash to close. Return on cash invested measures 28.92% in year one, and rental yield registers 10.9% at a $260,000 basis. Equity gained on principal adds $1,678/yr, and annual property appreciation at 5% supports $71,833 by year five. Five-year ROI tracks 151.67% and total cumulative return in cash totals $130,721. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,362/mo property income relative to a $1,273/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2002
N/A lot
$N/A/sqft
No 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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