703 Groveland CirAnn ArborMI48108
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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
Investment property for sale in Ann Arbor at 703 Groveland Cir, Ann Arbor, MI, 48108 listed at $549,900 pairs $5,602/mo rent with a $2,691/mo payment to leave $1,924/mo cash flow. Total monthly income runs $5,602/mo, and annual cash flow reaches $23,088/yr on $180,917 cash to close. Return on cash invested measures 32.82% in year one, and rental yield registers 12.22% at a $549,900 basis. Equity gained on principal adds $3,548/yr, and annual property appreciation at 5% supports $151,927 by year five. Five-year ROI tracks 172.7% and total cumulative return in cash totals $312,446. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,602/mo property income relative to a $2,691/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2018
6,534 sqft lot
$N/A/sqft
$626 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48108, Ann Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,660 (100%) |
| Owner Occupied HU | 6,549 (51.7%) |
| Renter Occupied HU | 5,485 (43.3%) |
| Vacant Housing Units | 626 ( 4.9%) |
| Median Home Value | $387,873 |
| Average Home Value | $432,287 |
Housing Distribution
Address Breakdown
Residential
12,115
Single Family
9,999
Multi-Family
2,116
Businesses
1,368
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