2142 Spring Ridge DrAnn ArborMI48103
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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 Ann Arbor at 2142 Spring Ridge Dr, Ann Arbor, MI, 48103 at $589,900 posts ROI 17.27% with from $3,462/mo rent. Total monthly income equals $3,462/mo. Return on cash invested measures 17.27% and rental yield reads 7.04% at the current $589,900. Equity gained on principal adds $3,807/yr, and 5% annual appreciation supports $162,978 by year five. Five-year ROI prints 89.28% and total cumulative return in cash totals $173,265. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,462/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1996
0.27 Acres lot
$N/A/sqft
$275 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48103, Ann Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,175 (100%) |
| Owner Occupied HU | 16,858 (64.4%) |
| Renter Occupied HU | 7,745 (29.6%) |
| Vacant Housing Units | 1,572 ( 6.0%) |
| Median Home Value | $465,693 |
| Average Home Value | $509,229 |
Housing Distribution
Address Breakdown
Residential
25,905
Single Family
22,174
Multi-Family
3,731
Businesses
1,545
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