315 2nd St APT 513Ann ArborMI48103
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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 315 2nd St APT 513, Ann Arbor, MI, 48103 listed at $740,000 pairs $3,177/mo rent with a $3,622/mo payment. Total monthly income runs $3,177/mo. Return on cash invested measures 11.67% in year one, and rental yield registers 5.15% at a $740,000 basis. Equity gained on principal adds $4,775/yr, and annual property appreciation at 5% supports $204,448 by year five. Five-year ROI tracks 59.13% and total cumulative return in cash totals $143,962. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,177/mo property income relative to a $3,622/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48103, Ann Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,175 (100%) |
| Owner Occupied HU | 16,858 (64.4%) |
| Renter Occupied HU | 7,745 (29.6%) |
| Vacant Housing Units | 1,572 ( 6.0%) |
| Median Home Value | $465,693 |
| Average Home Value | $509,229 |
Housing Distribution
Address Breakdown
Residential
25,905
Single Family
22,174
Multi-Family
3,731
Businesses
1,545
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