228 W Oakbrook 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
Rental property for sale in Ann Arbor at 228 W Oakbrook Dr, Ann Arbor, MI, 48103 priced at $362,500 converts $2,916/mo rent into $281/mo cash flow after a $1,774/mo obligation. Total monthly income equals $2,916/mo, and annual cash flow totals $3,369/yr on $120,169 invested. Return on cash invested prints 22.71% in year one, and rental yield reads 9.65% against a $362,500 entry. Equity gained on principal adds $2,339/yr, while 5% annual appreciation compiles into $100,152 by year five. Five-year ROI reaches 119.29% and total cumulative return in cash sums $143,354. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,916/mo property income covering a $1,774/mo payment, not borrower’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$245 monthly 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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