3062 Roundtree BlvdYpsilantiMI48197
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 3062 Roundtree Blvd, Ypsilanti, MI, 48197 in Ypsilanti achieves a 1.78 ratio at $200,000: $1,602/mo rent versus $899/mo debt service. Rental yield 9.61%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 9.61% yield compounds alongside 5% annual appreciation projecting $55,256 in value. Total projected cumulative return: $71,495.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.8% |
| Monthly Cash Flow | $(99) | $450 |
City averages based on Ypsilanti market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,602 |
| Total Monthly Debt Service | $1,621 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1974
N/A lot
$N/A/sqft
$382 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48197, Ypsilanti, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,556 (100%) |
| Owner Occupied HU | 15,095 (52.9%) |
| Renter Occupied HU | 12,201 (42.7%) |
| Vacant Housing Units | 1,260 ( 4.4%) |
| Median Home Value | $294,027 |
| Average Home Value | $322,545 |
Housing Distribution
Address Breakdown
Residential
27,469
Single Family
20,309
Multi-Family
7,160
Businesses
1,506
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1974
N/A lot
$N/A/sqft
$382 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48197, Ypsilanti, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,556 (100%) |
| Owner Occupied HU | 15,095 (52.9%) |
| Renter Occupied HU | 12,201 (42.7%) |
| Vacant Housing Units | 1,260 ( 4.4%) |
| Median Home Value | $294,027 |
| Average Home Value | $322,545 |
Housing Distribution
Address Breakdown
Residential
27,469
Single Family
20,309
Multi-Family
7,160
Businesses
1,506
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
