3324 Alpine DrAnn ArborMI48108
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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 3324 Alpine Dr, Ann Arbor, MI, 48108 uses $117,020 cash to close to unlock $287/yr annual cash flow and $24/mo monthly cash flow. Total monthly income runs $2,755/mo, and a $1,728/mo payment keeps the spread at $24/mo. Purchase price stands at $353,000, and rental yield measures 9.37% with $2,755/mo rent. Return on cash invested shows 20.15% in year one, and 5% annual appreciation builds toward $97,527 over five years. Five-year ROI reaches 106.17% and total cumulative return in cash records $124,244. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,755/mo property income covering a $1,728/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
$403 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48108, Ann Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,660 (100%) |
| Owner Occupied HU | 6,549 (51.7%) |
| Renter Occupied HU | 5,485 (43.3%) |
| Vacant Housing Units | 626 ( 4.9%) |
| Median Home Value | $387,873 |
| Average Home Value | $432,287 |
Housing Distribution
Address Breakdown
Residential
12,115
Single Family
9,999
Multi-Family
2,116
Businesses
1,368
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