1369 E Forest AveYpsilantiMI48198
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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 Ypsilanti at 1369 E Forest Ave, Ypsilanti, MI, 48198 priced at $319,800 pairs $2,470/mo rent with $361/mo cash flow after a $1,565/mo payment. Total monthly income equals $2,470/mo, and annual cash flow comes to $4,336/yr on $106,014 invested. Return on cash invested is 24% in year one, and rental yield stands at 9.27% on a $319,800 basis. Equity gained on principal adds $2,064/yr, and 5% annual appreciation accumulates to $88,355 by year five. Five-year ROI measures 125.33% and total cumulative return in cash reaches $132,864. For financing, Ziffy Mortgage’s DSCR program evaluates $2,470/mo property income against a $1,565/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48198, Ypsilanti, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,069 (100%) |
| Owner Occupied HU | 10,176 (56.3%) |
| Renter Occupied HU | 7,112 (39.4%) |
| Vacant Housing Units | 781 ( 4.3%) |
| Median Home Value | $179,766 |
| Average Home Value | $270,804 |
Housing Distribution
Address Breakdown
Residential
17,418
Single Family
14,565
Multi-Family
2,853
Businesses
741
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