242 S Evangeline StDearborn HeightsMI48125
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Heights at 242 S Evangeline St, Dearborn Heights, MI, 48125 priced at $1,100,000 pairs $4,627/mo rent with after a $5,384/mo payment. Total monthly income equals $4,627/mo. Return on cash invested is 11.52% in year one, and rental yield stands at 5.05% on a $1,100,000 basis. Equity gained on principal adds $7,098/yr, and 5% annual appreciation accumulates to $303,910 by year five. Five-year ROI measures 58.33% and total cumulative return in cash reaches $207,871. For financing, Ziffy Mortgage’s DSCR program evaluates $4,627/mo property income against a $5,384/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48125, Dearborn Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,099 (100%) |
| Owner Occupied HU | 6,362 (69.9%) |
| Renter Occupied HU | 2,321 (25.5%) |
| Vacant Housing Units | 416 ( 4.6%) |
| Median Home Value | $128,735 |
| Average Home Value | $167,682 |
Housing Distribution
Address Breakdown
Residential
8,888
Single Family
8,832
Multi-Family
56
Businesses
272
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ali M Sobh • RE/MAX Team 2000
Mls Name: Realcomp II
Mls ID: #20251039104