23259 Lawrence AveDearbornMI48128
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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 23259 Lawrence Ave, Dearborn, MI, 48128 earns $727/mo cash flow from $2,639/mo rent with a $1,419/mo payment. Total monthly income totals $2,639/mo, and annual cash flow totals $8,724/yr on $96,135 capital. ROI tracks 28.98% on current figures, and rental yield reads 10.92% at a $289,999 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,121 over five years. Five-year ROI reaches 152.02% and total cumulative return in cash sums $146,140. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,639/mo property income instead of your personal income.
Single Family
Built in 1947
6,534 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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