627 N River StYpsilantiMI48198
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 627 N River St, Ypsilanti, MI, 48198 uses $62,985 cash to close to unlock $1,977/yr annual cash flow and $165/mo monthly cash flow. Total monthly income runs $2,142/mo, and a $930/mo payment keeps the spread at $165/mo. Purchase price stands at $190,000, and rental yield measures 13.53% with $2,142/mo rent. Return on cash invested shows 23.05% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 125.23% and total cumulative return in cash records $78,876. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,142/mo property income covering a $930/mo payment rather than investor’s personal income.
Multi Family
Built in 1901
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48198, Ypsilanti, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,069 (100%) |
| Owner Occupied HU | 10,176 (56.3%) |
| Renter Occupied HU | 7,112 (39.4%) |
| Vacant Housing Units | 781 ( 4.3%) |
| Median Home Value | $179,766 |
| Average Home Value | $270,804 |
Housing Distribution
Address Breakdown
Residential
17,418
Single Family
14,565
Multi-Family
2,853
Businesses
741
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
