1479 Wingate BlvdYpsilantiMI48198
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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 Ypsilanti at 1479 Wingate Blvd, Ypsilanti, MI, 48198 uses $36,465 cash to close to unlock $6,468/yr annual cash flow and $539/mo monthly cash flow. Total monthly income runs $1,264/mo, and a $538/mo payment keeps the spread at $539/mo. Purchase price stands at $110,000, and rental yield measures 13.79% with $1,264/mo rent. Return on cash invested shows 37.65% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 198.44% and total cumulative return in cash records $72,360. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,264/mo property income covering a $538/mo payment rather than investor’s personal income.
Townhouse
Built in 1973
N/A 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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