2115 Nature Cove Ct APT 202Ann ArborMI48104
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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 Ann Arbor at 2115 Nature Cove Ct APT 202, Ann Arbor, MI, 48104 generates $3,576/mo in rent and, after a $2,129/mo payment, leaves $8/mo in cash flow. Total monthly income is $3,576/mo, and annual cash flow is $90/yr on $144,203 invested. Return on cash invested sits at 19.97% in year one, and rental yield is 9.86% on a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 105.83% and total cumulative return in cash sums $152,616. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,576/mo property income rather than buyer’s personal income.
Condo
Built in 1983
2,178 sqft lot
$N/A/sqft
$700 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48104, Ann Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,614 (100%) |
| Owner Occupied HU | 6,482 (34.8%) |
| Renter Occupied HU | 10,844 (58.3%) |
| Vacant Housing Units | 1,288 ( 6.9%) |
| Median Home Value | $496,124 |
| Average Home Value | $616,672 |
Housing Distribution
Address Breakdown
Residential
18,397
Single Family
11,535
Multi-Family
6,862
Businesses
2,114
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