543 Longshore Dr APT AAnn 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
Rental property for sale in Ann Arbor at 543 Longshore Dr APT A, Ann Arbor, MI, 48105 priced at $250,000 converts $2,035/mo rent into $131/mo cash flow after a $1,224/mo obligation. Total monthly income equals $2,035/mo, and annual cash flow totals $1,572/yr on $82,875 invested. Return on cash invested prints 21.81% in year one, and rental yield reads 9.77% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 114.86% and total cumulative return in cash sums $95,194. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,035/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Condo
Built in 1965
435.60 sqft lot
$N/A/sqft
$255 monthly 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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