$360,000
●
House -
Off Market
4751 Azalea Drive
Ypsilanti, MI 48197
4 Beds
4 Baths,
2
Half Baths
4,000 Ft²
$558,199
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model
About This Property
Recently remodeled four bedroom house with first floor master
suite, Two story ceiling in living room. Second story walkway to
bedrooms have beautiful views of living room and foyer area.
Cathedral and vaulted ceilings through out the house.
Two gas fireplaces, one in living room and second in master
bedroom. Kitchen is totally redone with granite counter tops,
tiles and new appliances.New upgraded wood floor on entry level.
New carpet through out the house including basement.
Three season sunroom offers escape during spring, ummer and
fall seasons. Sunroom opens to brick patio with expansive
landscaping. House is located in desirable Silverleaf subdivision
with easy access to shopping, highways, entertainment and
Universities. Walking distance to bus line. House is
located on a bi bigger lot with lot of privacy., Primary
Bath, Rec Room: Finished
Unit Size
4,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$92
Property Type
House
Property Taxes
$496
HOA Dues
$19
Year Built
1994
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (MichRIC MLS #23101178)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 21, 2018 | Sold | ||
| Sold | |||
| Sep 15, 2018 | No longer available | - | |
| No longer available | |||
| Aug 14, 2018 | Listed | $369,000 | |
| Listed | |||
| | |||
|
Recently remodeled four bedroom house with first floor master suite, Two story ceiling in living room. Second story walkway to bedrooms have beautiful views of living room and foyer area. Cathedral and vaulted ceilings through out the house. Two gas fireplaces, one in living room and second in master bedroom. Kitchen is totally redone with granite counter tops, tiles and new appliances.New upgraded wood floor on entry level. New carpet through out the house including basement. Three season sunroom offers escape during spring, ummer and fall seasons. Sunroom opens to brick patio with expansive landscaping. House is located in desirable Silverleaf subdivision with easy access to shopping, highways, entertainment and Universities. Walking distance to bus line. House is located on a bigger lot with lot of privacy. The manager has listed the unit size as 2800 square feet.
| |||
| Jun 21, 2018 | Listed by IKL Real Estate LLC | $369,000 | |
| Listed by IKL Real Estate LLC | |||
| Aug 22, 2016 | Sold | ||
| Sold | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Washtenaw
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Listed by: Imran Lateef, IKL Real Estate LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23101178
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23101178
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