24 Ridgeway StAnn 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 24 Ridgeway St, Ann Arbor, MI, 48104 offers $6,350/mo rent that, after a $6,852/mo payment. Total monthly income is $6,350/mo. Return on cash invested measures 12.75% in year one, and rental yield stands at 5.44% at a $1,400,000 entry. Equity gained on principal adds $9,034/yr while 5% annual appreciation compounds into $386,794 by year five. Five-year ROI records 64.87% and total cumulative return in cash reaches $294,235. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,350/mo property income versus a $6,852/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
0.26 Acres lot
$N/A/sqft
No 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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