408 Long Shore Dr #CAnn ArborMI48105
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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 408 Long Shore Dr #C, Ann Arbor, MI, 48105 projects strong ROI of 1.65%. Rental yield 1.85%. With 5% annual appreciation, the property builds $775,246 in value over five years. Equity growth combined delivers a projected five-year ROI of 5.35%, translating into $48,662 in total cumulative return on $909,144 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48105, Ann Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,988 (100%) |
| Owner Occupied HU | 8,288 (46.1%) |
| Renter Occupied HU | 8,515 (47.3%) |
| Vacant Housing Units | 1,185 ( 6.6%) |
| Median Home Value | $491,269 |
| Average Home Value | $578,441 |
Housing Distribution
Address Breakdown
Residential
17,208
Single Family
14,376
Multi-Family
2,832
Businesses
619
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