22844 Buckingham StDearbornMI48128
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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 22844 Buckingham St, Dearborn, MI, 48128 uses $97,759 cash to close to unlock $4,388/yr annual cash flow and $366/mo monthly cash flow. Total monthly income runs $2,310/mo, and a $1,443/mo payment keeps the spread at $366/mo. Purchase price stands at $294,900, and rental yield measures 9.4% with $2,310/mo rent. Return on cash invested shows 24.4% in year one, and 5% annual appreciation builds toward $81,475 over five years. Five-year ROI reaches 127.46% and total cumulative return in cash records $124,603. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,310/mo property income covering a $1,443/mo payment rather than investor’s personal income.
Single Family
Built in 1940
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48128, Dearborn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,261 (100%) |
| Owner Occupied HU | 3,704 (86.9%) |
| Renter Occupied HU | 392 ( 9.2%) |
| Vacant Housing Units | 165 ( 3.9%) |
| Median Home Value | $256,719 |
| Average Home Value | $311,234 |
Housing Distribution
Address Breakdown
Residential
4,317
Single Family
4,167
Multi-Family
150
Businesses
150
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