662 Peninsula CtAnn ArborMI48105
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
Rental property for sale in Ann Arbor at 662 Peninsula Ct, Ann Arbor, MI, 48105 priced at $299,900 converts $2,011/mo rent into after a $1,468/mo obligation. Total monthly income equals $2,011/mo. Return on cash invested prints 15.22% in year one, and rental yield reads 8.05% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 80.09% and total cumulative return in cash sums $79,624. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,011/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
$422 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
