18242 Snow AveDearbornMI48124
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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 18242 Snow Ave, Dearborn, MI, 48124 generates $2,239/mo in rent and, after a $1,175/mo payment, leaves $656/mo in cash flow. Total monthly income is $2,239/mo, and annual cash flow is $7,872/yr on $79,560 invested. Return on cash invested sits at 29.8% in year one, and rental yield is 11.2% on a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 156.4% and total cumulative return in cash sums $124,430. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,239/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48124, Dearborn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,372 (100%) |
| Owner Occupied HU | 11,190 (77.9%) |
| Renter Occupied HU | 2,503 (17.4%) |
| Vacant Housing Units | 679 ( 4.7%) |
| Median Home Value | $220,861 |
| Average Home Value | $272,546 |
Housing Distribution
Address Breakdown
Residential
14,311
Single Family
13,303
Multi-Family
1,008
Businesses
861
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