1628 Wingate BlvdYpsilantiMI48198
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1628 Wingate Blvd, Ypsilanti, MI, 48198 priced at $136,500 pairs $1,049/mo rent with after a $668/mo payment. Total monthly income equals $1,049/mo. Return on cash invested is 16.54% in year one, and rental yield stands at 9.22% on a $136,500 basis. Equity gained on principal adds $881/yr, and 5% annual appreciation accumulates to $37,712 by year five. Five-year ROI measures 87.97% and total cumulative return in cash reaches $39,807. For financing, Ziffy Mortgage’s DSCR program evaluates $1,049/mo property income against a $668/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
$276 monthly 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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