22700 Garrison St APT 903DearbornMI48124
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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 903, Dearborn, MI, 48124 listed at $139,900 pairs $1,090/mo rent with a $685/mo payment to leave $167/mo cash flow. Total monthly income runs $1,090/mo, and annual cash flow reaches $2,006/yr on $46,377 cash to close. Return on cash invested measures 24.23% in year one, and rental yield registers 9.35% at a $139,900 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,652 by year five. Five-year ROI tracks 126.69% and total cumulative return in cash totals $58,755. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,090/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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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