7489 Dover DrYpsilantiMI48197
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
Investment property for sale in Ypsilanti at 7489 Dover Dr, Ypsilanti, MI, 48197 earns $105/mo cash flow from $2,367/mo rent with a $1,664/mo payment. Total monthly income totals $2,367/mo, and annual cash flow totals $1,260/yr on $112,710 capital. ROI tracks 21.03% on current figures, and rental yield reads 8.35% at a $340,000 purchase. Equity gained on principal adds $2,194/yr, and 5% annual appreciation supports $93,936 over five years. Five-year ROI reaches 109.43% and total cumulative return in cash sums $123,342. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,367/mo property income instead of your personal income.
Single Family
Built in 2001
8,276 sqft lot
$N/A/sqft
$240 annually 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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