1000 N Elizabeth StDearbornMI48128
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 1000 N Elizabeth St, Dearborn, MI, 48128 in Dearborn. At $299,999 it earns $2,345/mo in rent and distributes $366/mo to the owner after the $1,349/mo payment, a consistent 9.38% yield. DSCR 1.74 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $82,884 in value; $2,763/yr in principal paydown compounds ownership stake. Total projected return: $137,872.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 8.0% |
| Monthly Cash Flow | $366 | $350 |
City averages based on Dearborn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,345 |
| Total Monthly Debt Service | $1,859 |
| DSCR Ratio | 1.26x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1941
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48128, Dearborn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,261 (100%) |
| Owner Occupied HU | 3,704 (86.9%) |
| Renter Occupied HU | 392 ( 9.2%) |
| Vacant Housing Units | 165 ( 3.9%) |
| Median Home Value | $256,719 |
| Average Home Value | $311,234 |
Housing Distribution
Address Breakdown
Residential
4,317
Single Family
4,167
Multi-Family
150
Businesses
150
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1941
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48128, Dearborn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,261 (100%) |
| Owner Occupied HU | 3,704 (86.9%) |
| Renter Occupied HU | 392 ( 9.2%) |
| Vacant Housing Units | 165 ( 3.9%) |
| Median Home Value | $256,719 |
| Average Home Value | $311,234 |
Housing Distribution
Address Breakdown
Residential
4,317
Single Family
4,167
Multi-Family
150
Businesses
150
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices