609 Ridgewood CtAnn ArborMI48103
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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 609 Ridgewood Ct, Ann Arbor, MI, 48103 priced at $445,000 pairs $2,714/mo rent with after a $2,178/mo payment. Total monthly income equals $2,714/mo. Return on cash invested is 12.62% in year one, and rental yield stands at 7.32% on a $445,000 basis. Equity gained on principal adds $2,872/yr, and 5% annual appreciation accumulates to $122,945 by year five. Five-year ROI measures 66.3% and total cumulative return in cash reaches $97,808. For financing, Ziffy Mortgage’s DSCR program evaluates $2,714/mo property income against a $2,178/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1992
N/A lot
$N/A/sqft
$675 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48103, Ann Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,175 (100%) |
| Owner Occupied HU | 16,858 (64.4%) |
| Renter Occupied HU | 7,745 (29.6%) |
| Vacant Housing Units | 1,572 ( 6.0%) |
| Median Home Value | $465,693 |
| Average Home Value | $509,229 |
Housing Distribution
Address Breakdown
Residential
25,905
Single Family
22,174
Multi-Family
3,731
Businesses
1,545
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