820 Cliffs Dr APT 306YpsilantiMI48198
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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 820 Cliffs Dr APT 306, Ypsilanti, MI, 48198 uses $61,328 cash to close to unlock $822/yr annual cash flow and $69/mo monthly cash flow. Total monthly income runs $1,735/mo, and a $905/mo payment keeps the spread at $69/mo. Purchase price stands at $185,000, and rental yield measures 11.25% with $1,735/mo rent. Return on cash invested shows 21.25% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 113.79% and total cumulative return in cash records $69,783. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,735/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
$447 monthly 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
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