2839 Whitewood StAnn ArborMI48104
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2839 Whitewood St, Ann Arbor, MI, 48104 uses $72,897 cash to close to unlock $2,486/yr annual cash flow and $207/mo monthly cash flow. Total monthly income runs $1,657/mo, and a $1,076/mo payment keeps the spread at $207/mo. Purchase price stands at $219,900, and rental yield measures 9.04% with $1,657/mo rent. Return on cash invested shows 23.32% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 121.71% and total cumulative return in cash records $88,720. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,657/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Condo
Built in 1945
871.20 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices