3200 Primrose LnYpsilantiMI48197
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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 Ypsilanti at 3200 Primrose Ln, Ypsilanti, MI, 48197 priced at $260,000 converts $2,543/mo rent into $353/mo cash flow after a $1,273/mo obligation. Total monthly income equals $2,543/mo, and annual cash flow totals $4,236/yr on $86,190 invested. Return on cash invested prints 24.82% in year one, and rental yield reads 11.74% against a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation compiles into $71,833 by year five. Five-year ROI reaches 132.11% and total cumulative return in cash sums $113,861. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,543/mo property income covering a $1,273/mo payment, not borrower’s personal income.
Condo
Built in 2003
1,306 sqft lot
$N/A/sqft
$475 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
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