ZIP CODE 48197 // ANN ARBOR, MI // DATA AS OF 2026-09-30
Ypsilanti, MI (48197) Rental Property Cap Rate & Cash Flow Report
Located in Washtenaw County (Ypsilanti, MI), Zip Code 48197 ranks #425 of 500 within this selected sample (15th percentile) with a Zillow ZHVI typical home-value index of $342,282 (+1.0% YoY) and a ZORI observed market rent of $1,227/mo (+2.0% YoY). Requires at least 73.6% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$1,160/mo
Annual: -$13,914/yr
Modeled Cap Rate
2.00%
NOI: $6,855/yr
Cash-on-Cash Return
-17.67%
Cash Needed: $78,725
1% Rule Ratio
0.36%
Gross Yield: 4.30%
Break-Even Rent
$2,560/mo
State Tax: 1.24%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 48197 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (MI Avg 1.24%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,731/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$656/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (48197)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $280,901 | $939/mo | 4.01% |
| 2022 | $311,464 | $1,052/mo | 4.05% |
| 2023 | $321,459 | $1,087/mo | 4.06% |
| 2024 | $335,547 | $1,176/mo | 4.21% |
| 2025 | $338,936 | $1,203/mo | 4.26% |
| 2026 | $342,282 | $1,227/mo | 4.30% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 48180 Taylor, MI | $175,458 | $1,518/mo | 7.29% | +$179/mo |
| 07305 Jersey City, NJ | $527,875 | $2,314/mo | 2.00% | -$1,791/mo |
| 90805 Long Beach, CA | $711,273 | $2,168/mo | 1.97% | -$2,428/mo |
| 92126 San Diego, CA | $979,735 | $3,044/mo | 2.03% | -$3,294/mo |
| 91910 Chula Vista, CA | $839,504 | $2,609/mo | 2.03% | -$2,822/mo |
| 90022 East Los Angeles, CA | $676,218 | $2,109/mo | 2.05% | -$2,266/mo |