3056 N Spurway DrAnn 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
Investment property for sale in Ann Arbor at 3056 N Spurway Dr, Ann Arbor, MI, 48105 offers a 9.8% rental yield on a $740,000 purchase with $6,046/mo rent. Total monthly income registers $6,046/mo, and a $3,622/mo payment leaves $1,166/mo available for distribution. Annual cash flow reaches $13,992/yr on $243,460 to close, and return on cash invested stands at 25.81% in year one. Equity gained on principal adds $4,775/yr while 5% annual appreciation supports $204,448 over five years. Portfolio math shows five-year ROI at 134.97% and total cumulative return in cash at $328,594. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,046/mo property income against a $3,622/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2019
2,178 sqft lot
$N/A/sqft
No 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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