1045 N Elizabeth StDearbornMI48128
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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 Dearborn at 1045 N Elizabeth St, Dearborn, MI, 48128 offers $4,764/mo rent that, after a $2,026/mo payment, leaves $2,034/mo cash flow. Total monthly income is $4,764/mo, and annual cash flow is $24,410/yr on $137,241 cash. Return on cash invested measures 37.7% in year one, and rental yield stands at 13.81% at a $414,000 entry. Equity gained on principal adds $2,671/yr while 5% annual appreciation compounds into $114,381 by year five. Five-year ROI records 198.78% and total cumulative return in cash reaches $272,803. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,764/mo property income versus a $2,026/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
4,791 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
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