2432 Harding AveYpsilantiMI48197
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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 2432 Harding Ave, Ypsilanti, MI, 48197 uses $94,478 cash to close to unlock $9,294/yr annual cash flow and $775/mo monthly cash flow. Total monthly income runs $2,654/mo, and a $1,395/mo payment keeps the spread at $775/mo. Purchase price stands at $285,000, and rental yield measures 11.17% with $2,654/mo rent. Return on cash invested shows 29.75% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 156.16% and total cumulative return in cash records $147,534. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,654/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1948
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48197, Ypsilanti, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,556 (100%) |
| Owner Occupied HU | 15,095 (52.9%) |
| Renter Occupied HU | 12,201 (42.7%) |
| Vacant Housing Units | 1,260 ( 4.4%) |
| Median Home Value | $294,027 |
| Average Home Value | $322,545 |
Housing Distribution
Address Breakdown
Residential
27,469
Single Family
20,309
Multi-Family
7,160
Businesses
1,506
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