12 Byfield LnDearbornMI48120
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
Investment Highlights
Investment property for sale in Dearborn at 12 Byfield Ln, Dearborn, MI, 48120 at $289,900 posts ROI 26.2% with $504/mo cash flow from $2,416/mo rent. Total monthly income equals $2,416/mo, and annual cash flow records $6,050/yr on $96,102 to close. Return on cash invested measures 26.2% and rental yield reads 10% at the current $289,900. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 by year five. Five-year ROI prints 137.18% and total cumulative return in cash totals $131,829.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,416/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1941
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48120, Dearborn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,013 (100%) |
| Owner Occupied HU | 1,141 (37.9%) |
| Renter Occupied HU | 1,625 (53.9%) |
| Vacant Housing Units | 247 ( 8.2%) |
| Median Home Value | $267,370 |
| Average Home Value | $291,535 |
Housing Distribution
Address Breakdown
Residential
2,636
Single Family
1,837
Multi-Family
799
Businesses
260
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