8248 Stoneham DrYpsilantiMI48197
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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
Rental property for sale in Ypsilanti at 8248 Stoneham Dr, Ypsilanti, MI, 48197 generates $3,010/mo in rent and, after a $1,845/mo payment, leaves $524/mo in cash flow. Total monthly income is $3,010/mo, and annual cash flow is $6,289/yr on $124,976 invested. Return on cash invested sits at 24.94% in year one, and rental yield is 9.58% on a $377,000 entry. Equity gained on principal adds $2,433/yr, while 5% annual appreciation builds toward $104,158 over five years. Five-year ROI reaches 130.38% and total cumulative return in cash sums $162,943. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,010/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
1.09 Acres lot
$N/A/sqft
No 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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