2931 E Whittier CtAnn 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
Investment property for sale in Ann Arbor at 2931 E Whittier Ct, Ann Arbor, MI, 48104 with 5% annual appreciation on a $240,900 basis while $2,198/mo rent supports operations. Total monthly income totals $2,198/mo and a $1,179/mo payment preserves $324/mo for cash returns. Annual cash flow comes to $3,894/yr on $79,858 deployed, and return on cash invested reaches 24.78% in year one. Equity gained on principal adds $1,554/yr, and five-year appreciation sums $66,556 alongside rental yield of 10.95%. Five-year ROI measures 131.1% and total cumulative return in cash totals $104,697.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,198/mo property income versus a $1,179/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1977
N/A lot
$N/A/sqft
$285 monthly 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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