4198 Packard St APT 3Ann 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 4198 Packard St APT 3, Ann Arbor, MI, 48108 earns $223/mo cash flow from $1,308/mo rent with a $805/mo payment. Total monthly income totals $1,308/mo, and annual cash flow totals $2,680/yr on $54,532 capital. ROI tracks 24.82% on current figures, and rental yield reads 9.54% at a $164,500 purchase. Equity gained on principal adds $1,061/yr, and 5% annual appreciation supports $45,448 over five years. Five-year ROI reaches 129.79% and total cumulative return in cash sums $70,774. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,308/mo property income instead of your personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No 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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