2946 Corston RdAnn ArborMI48105
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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 2946 Corston Rd, Ann Arbor, MI, 48105 priced at $739,900 converts $4,469/mo rent into after a $3,621/mo obligation. Total monthly income equals $4,469/mo. Return on cash invested prints 15.85% in year one, and rental yield reads 7.25% against a $739,900 entry. Equity gained on principal adds $4,774/yr, while 5% annual appreciation compiles into $204,421 by year five. Five-year ROI reaches 82.36% and total cumulative return in cash sums $200,487. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,469/mo property income covering a $3,621/mo payment, not borrower’s personal income.
Condo
Built in 2023
871.20 sqft lot
$N/A/sqft
$445 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48105, Ann Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,988 (100%) |
| Owner Occupied HU | 8,288 (46.1%) |
| Renter Occupied HU | 8,515 (47.3%) |
| Vacant Housing Units | 1,185 ( 6.6%) |
| Median Home Value | $491,269 |
| Average Home Value | $578,441 |
Housing Distribution
Address Breakdown
Residential
17,208
Single Family
14,376
Multi-Family
2,832
Businesses
619
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