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$1,699,000

For Sale - Active
2124 Brockman Blvd, Ann Arbor, MI 48104
4 Beds
4 Baths
3,522 Square Feet
0.38 Acres Lot
Built in 1940
For Sale - Active
Units n/a
Checked: 16 hours ago
Updated: Jun 20, 2025 at 03:23AM

Investment Summary


Monthly Cash Flow
-$7,054
Cap Rate
1.2%
Cash-on-Cash Return
-21.7%
Debt Coverage Ratio
0.19
Internal Rate of Return (5 years)
-16.9%

Property Description


0.38 Acres Lot
Built in 1940
For Sale - Active
Units n/a

A Burns Park gem! This classic 4BR/3.1BA 1940 colonial blends timeless charm with modern luxury. Thoughtfully renovated, it features an open kitchen/dining area by Rochman Design with marble & soapstone counters and top-tier appliances. Enjoy the spacious mudroom, updated gas fireplace in the living room, light-filled family room, and a stylish study—all with refinished hardwood floors and elegant finishes. The large primary suite offers sunset views and a versatile skylit sitting room ideal for an office or nursery. A stunning primary bath includes a freestanding tub, walk-in shower, and dual sinks. The basement adds a 4th BR suite with egress, rec room, and laundry. Outside, relax in your private, fenced .38-acre oasis with patios and covered walkway to the 2.5-car garage. Updates include kitchen, primary bath, front porch, insulation, sprinklers, and morea rare find in Ann Arbor. Close to Trader Joes, hospital, downtown and campus. Home energy score of 1. See report at stream.a2gov.

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Location


Property Details


Parking

  • Description: Detached, Door Opener, Electricity
  • Details: Garage Door Opener, Detached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 13
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Crawl Space, Partial, Finished
  • Fireplace: Yes

Exterior Features

  • Roof Material: Asphalt, Rubber

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 090934317012
  • Lot Size: 16553 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1940

Tax Information

  • Annual Tax: $32,377

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Washtenaw

Listing Details


Listed by:
Jean Wedemeyer
The Charles Reinhart Company
(734) 604-2523

Source:
Southwestern Michigan Association of REALTORS
MLS#: 25021651
Southwestern Michigan Association of REALTORS

Investment Summary


Monthly Cash Flow
-$7,054
Cap Rate
1.2%
Cash-on-Cash Return
-21.7%
Debt Coverage Ratio
0.19
Internal Rate of Return (5 years)
-16.9%

Purchase Details

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Purchase price:
$1,699,000
Amount financed:
-$1,359,200
Down payment:
$339,800
Closing costs:
$50,970
Rehab costs:
$0
Initial cash invested:
$390,770
Square feet:
3,522
Cost per square foot:
$482
Monthly rent per square foot:
$1.79

Financing Details

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Loan amount:
$1,359,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$8,703
Property tax:
$2,698
Insurance:
$441
Private mortgage insurance (PMI):
$0
Monthly payment:
$11,842

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,300 $75,600
Vacancy loss: (6%)
6% -$378 -$4,536
Operating income:
$5,922 $71,064

Operating Expenses


% Rent Monthly Yearly
Property taxes: (43%)
43%-$2,698-$32,377
Insurance: (7%)
7%-$441-$5,292
Property management: (8%)
8%-$504-$6,048
Repairs & maintenance: (5%)
5%-$315-$3,780
Capital expenditures: (5%)
5%-$315-$3,780
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (68%)
68%-$4,273-$51,277

Cash Flow


Monthly Yearly
Net operating income:
$1,649 $19,788
Mortgage payments:
-$8,703 -$104,436
Cash flow:
$7,054 $84,648