737 Watersedge DrAnn 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 737 Watersedge Dr, Ann Arbor, MI, 48105 offers $2,672/mo rent that, after a $1,444/mo payment, leaves $313/mo cash flow. Total monthly income is $2,672/mo, and annual cash flow is $3,750/yr on $97,793 cash. Return on cash invested measures 23.74% in year one, and rental yield stands at 10.87% at a $295,000 entry. Equity gained on principal adds $1,904/yr while 5% annual appreciation compounds into $81,503 by year five. Five-year ROI records 125.79% and total cumulative return in cash reaches $123,014. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,672/mo property income versus a $1,444/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1976
N/A lot
$N/A/sqft
$414 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
