816 Kelpie DrAnn ArborMI48108
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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 Ann Arbor at 816 Kelpie Dr, Ann Arbor, MI, 48108 with 5% annual appreciation on a $609,990 basis while $4,150/mo rent supports operations. Total monthly income totals $4,150/mo and a $2,986/mo payment preserves $127/mo for cash returns. Annual cash flow comes to $1,524/yr on $200,687 deployed, and return on cash invested reaches 20.82% in year one. Equity gained on principal adds $3,936/yr, and five-year appreciation sums $168,529 alongside rental yield of 8.16%. Five-year ROI measures 108.25% and total cumulative return in cash totals $217,240.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,150/mo property income versus a $2,986/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48108, Ann Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,660 (100%) |
| Owner Occupied HU | 6,549 (51.7%) |
| Renter Occupied HU | 5,485 (43.3%) |
| Vacant Housing Units | 626 ( 4.9%) |
| Median Home Value | $387,873 |
| Average Home Value | $432,287 |
Housing Distribution
Address Breakdown
Residential
12,115
Single Family
9,999
Multi-Family
2,116
Businesses
1,368
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