823 Kelpie Dr, Ann Arbor, MI, 48108 | 7.37% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Ann Arbor at 823 Kelpie Dr, Ann Arbor, MI, 48108 earns from $3,748/mo rent with a $2,986/mo payment. Total monthly income totals $3,748/mo. ROI tracks 18.42% on current figures, and rental yield reads 7.37% at a $609,990 purchase. Equity gained on principal adds $3,936/yr, and 5% annual appreciation supports $168,529 over five years. Five-year ROI reaches 95.36% and total cumulative return in cash sums $191,368. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,748/mo property income instead of your personal income.

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