3050 Cloverly LnAnn ArborMI48108
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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 3050 Cloverly Ln, Ann Arbor, MI, 48108 priced at $304,000 pairs $2,358/mo rent with $83/mo cash flow after a $1,488/mo payment. Total monthly income equals $2,358/mo, and annual cash flow comes to $998/yr on $100,776 invested. Return on cash invested is 20.9% in year one, and rental yield stands at 9.31% on a $304,000 basis. Equity gained on principal adds $1,962/yr, and 5% annual appreciation accumulates to $83,990 by year five. Five-year ROI measures 109.89% and total cumulative return in cash reaches $110,744. For financing, Ziffy Mortgage’s DSCR program evaluates $2,358/mo property income against a $1,488/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2004
871.20 sqft lot
$N/A/sqft
$270 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48108, Ann Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,660 (100%) |
| Owner Occupied HU | 6,549 (51.7%) |
| Renter Occupied HU | 5,485 (43.3%) |
| Vacant Housing Units | 626 ( 4.9%) |
| Median Home Value | $387,873 |
| Average Home Value | $432,287 |
Housing Distribution
Address Breakdown
Residential
12,115
Single Family
9,999
Multi-Family
2,116
Businesses
1,368
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