701 Emmet St, Ypsilanti, MI, 48197 | 2.44% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,241/mo, and a $5,384/mo payment. Purchase price stands at $1,100,000, and rental yield measures 2.44% with $2,241/mo rent. Return on cash invested shows 3.49% in year one, and 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 15.24% and total cumulative return in cash records $54,331. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,241/mo property income covering a $5,384/mo payment rather than investor’s personal income.

Multi Family

Built in 1900

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