22700 Garrison St APT 508DearbornMI48124
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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
Investment property for sale in Dearborn at 22700 Garrison St APT 508, Dearborn, MI, 48124 earns $215/mo cash flow from $1,402/mo rent with a $881/mo payment. Total monthly income totals $1,402/mo, and annual cash flow totals $2,582/yr on $59,637 capital. ROI tracks 24.24% on current figures, and rental yield reads 9.35% at a $179,900 purchase. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 over five years. Five-year ROI reaches 126.66% and total cumulative return in cash sums $75,537. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,402/mo property income instead of your personal income.
Condo
Built in 1963
N/A 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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Listed by: Ali T Charara • Century 21 Curran & Oberski
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20250013828
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-03-04 17:37:31 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702