1866 N Evangeline StDearborn HeightsMI48127
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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 Heights at 1866 N Evangeline St, Dearborn Heights, MI, 48127 priced at $599,900 converts $2,455/mo rent into after a $2,936/mo obligation. Total monthly income equals $2,455/mo. Return on cash invested prints 10.94% in year one, and rental yield reads 4.91% against a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation compiles into $165,741 by year five. Five-year ROI reaches 55.24% and total cumulative return in cash sums $109,024. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,455/mo property income covering a $2,936/mo payment, not borrower’s personal income.
Single Family
Built in 1961
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48127, Dearborn Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,700 (100%) |
| Owner Occupied HU | 10,652 (72.5%) |
| Renter Occupied HU | 3,391 (23.1%) |
| Vacant Housing Units | 657 ( 4.5%) |
| Median Home Value | $251,728 |
| Average Home Value | $305,679 |
Housing Distribution
Address Breakdown
Residential
14,626
Single Family
13,568
Multi-Family
1,058
Businesses
817
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Listed by: Hassan Scheib • Own It Realty
Mls Name: Realcomp II
Mls ID: #20251048277