1802 Hamlet DrYpsilantiMI48198
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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 1802 Hamlet Dr, Ypsilanti, MI, 48198 listed at $305,900 pairs $2,194/mo rent with a $1,497/mo payment to leave $177/mo cash flow. Total monthly income runs $2,194/mo, and annual cash flow reaches $2,124/yr on $101,406 cash to close. Return on cash invested measures 22% in year one, and rental yield registers 8.61% at a $305,900 basis. Equity gained on principal adds $1,974/yr, and annual property appreciation at 5% supports $84,515 by year five. Five-year ROI tracks 114.6% and total cumulative return in cash totals $116,212. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,194/mo property income relative to a $1,497/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
7,840 sqft 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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