3425 Norwood StAnn ArborMI48104
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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 3425 Norwood St, Ann Arbor, MI, 48104 listed at $200,000 pairs $1,410/mo rent with a $979/mo payment to leave $91/mo cash flow. Total monthly income runs $1,410/mo, and annual cash flow reaches $1,092/yr on $66,300 cash to close. Return on cash invested measures 21.56% in year one, and rental yield registers 8.46% at a $200,000 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,256 by year five. Five-year ROI tracks 112.17% and total cumulative return in cash totals $74,372. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,410/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1945
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48104, Ann Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,614 (100%) |
| Owner Occupied HU | 6,482 (34.8%) |
| Renter Occupied HU | 10,844 (58.3%) |
| Vacant Housing Units | 1,288 ( 6.9%) |
| Median Home Value | $496,124 |
| Average Home Value | $616,672 |
Housing Distribution
Address Breakdown
Residential
18,397
Single Family
11,535
Multi-Family
6,862
Businesses
2,114
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