707 Ferris StYpsilantiMI48197
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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
Rental property for sale in Ypsilanti at 707 Ferris St, Ypsilanti, MI, 48197 priced at $200,000 converts $1,865/mo rent into $546/mo cash flow after a $979/mo obligation. Total monthly income equals $1,865/mo, and annual cash flow totals $6,552/yr on $66,300 invested. Return on cash invested prints 29.79% in year one, and rental yield reads 11.19% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 156.36% and total cumulative return in cash sums $103,664. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,865/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1929
6,969 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
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