611 Emmet StYpsilantiMI48197
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ypsilanti at 611 Emmet St, Ypsilanti, MI, 48197 at $315,000 posts ROI 22.48% with $224/mo cash flow from $2,301/mo rent. Total monthly income equals $2,301/mo, and annual cash flow records $2,682/yr on $104,423 to close. Return on cash invested measures 22.48% and rental yield reads 8.77% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 117.16% and total cumulative return in cash totals $122,345.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,301/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1885
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48197, Ypsilanti, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,556 (100%) |
| Owner Occupied HU | 15,095 (52.9%) |
| Renter Occupied HU | 12,201 (42.7%) |
| Vacant Housing Units | 1,260 ( 4.4%) |
| Median Home Value | $294,027 |
| Average Home Value | $322,545 |
Housing Distribution
Address Breakdown
Residential
27,469
Single Family
20,309
Multi-Family
7,160
Businesses
1,506
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices