800 Cliffs Dr APT 208FYpsilantiMI48198
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 800 Cliffs Dr APT 208F, Ypsilanti, MI, 48198 uses $66,267 cash to close to unlock $2,522/yr annual cash flow and $210/mo monthly cash flow. Total monthly income runs $1,528/mo, and a $978/mo payment keeps the spread at $210/mo. Purchase price stands at $199,900, and rental yield measures 9.17% with $1,528/mo rent. Return on cash invested shows 23.71% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 123.83% and total cumulative return in cash records $82,057. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,528/mo property income covering a $978/mo payment rather than investor’s personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48198, Ypsilanti, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,069 (100%) |
| Owner Occupied HU | 10,176 (56.3%) |
| Renter Occupied HU | 7,112 (39.4%) |
| Vacant Housing Units | 781 ( 4.3%) |
| Median Home Value | $179,766 |
| Average Home Value | $270,804 |
Housing Distribution
Address Breakdown
Residential
17,418
Single Family
14,565
Multi-Family
2,853
Businesses
741
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices