23636 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
Rental property for sale in Dearborn at 23636 Buckingham St, Dearborn, MI, 48128 generates $3,007/mo in rent and, after a $1,615/mo payment, leaves $831/mo in cash flow. Total monthly income is $3,007/mo, and annual cash flow is $9,974/yr on $109,362 invested. Return on cash invested sits at 29.03% in year one, and rental yield is 10.94% on a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 152.32% and total cumulative return in cash sums $166,575. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,007/mo property income rather than buyer’s personal income.
Single Family
Built in 1941
5,227 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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