7404 Dover DrYpsilantiMI48197
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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 Ypsilanti at 7404 Dover Dr, Ypsilanti, MI, 48197 uses $122,655 cash to close to unlock $10,224/yr annual cash flow and $852/mo monthly cash flow. Total monthly income runs $3,292/mo, and a $1,811/mo payment keeps the spread at $852/mo. Purchase price stands at $370,000, and rental yield measures 10.68% with $3,292/mo rent. Return on cash invested shows 28.24% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 148.06% and total cumulative return in cash records $181,601. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,292/mo property income covering a $1,811/mo payment rather than investor’s personal income.
Single Family
Built in 2001
7,405 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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