306 E Cross StYpsilantiMI48198
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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 Ypsilanti at 306 E Cross St, Ypsilanti, MI, 48198 uses $114,368 cash to close to unlock $8,490/yr annual cash flow and $708/mo monthly cash flow. Total monthly income runs $2,983/mo, and a $1,689/mo payment keeps the spread at $708/mo. Purchase price stands at $345,000, and rental yield measures 10.38% with $2,983/mo rent. Return on cash invested shows 27.33% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 143.18% and total cumulative return in cash records $163,756. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,983/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Single Family
Built in 1850
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48198, Ypsilanti, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,069 (100%) |
| Owner Occupied HU | 10,176 (56.3%) |
| Renter Occupied HU | 7,112 (39.4%) |
| Vacant Housing Units | 781 ( 4.3%) |
| Median Home Value | $179,766 |
| Average Home Value | $270,804 |
Housing Distribution
Address Breakdown
Residential
17,418
Single Family
14,565
Multi-Family
2,853
Businesses
741
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