862 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
Rental property for sale in Ann Arbor at 862 Kelpie Dr, Ann Arbor, MI, 48108 priced at $674,440 converts $2,112/mo rent into after a $3,301/mo obligation. Total monthly income equals $2,112/mo. Return on cash invested prints 7.43% in year one, and rental yield reads 3.76% against a $674,440 entry. Equity gained on principal adds $4,352/yr, while 5% annual appreciation compiles into $186,335 by year five. Five-year ROI reaches 36.43% and total cumulative return in cash sums $80,839. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,112/mo property income covering a $3,301/mo payment, not borrower’s 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 |
Housing Distribution
Address Breakdown
Residential
12,115
Single Family
9,999
Multi-Family
2,116
Businesses
1,368
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