24420 Calvin StDearbornMI48124
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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 24420 Calvin St, Dearborn, MI, 48124 uses $41,438 cash to close to unlock $2,094/yr annual cash flow and $175/mo monthly cash flow. Total monthly income runs $999/mo, and a $612/mo payment keeps the spread at $175/mo. Purchase price stands at $125,000, and rental yield measures 9.59% with $999/mo rent. Return on cash invested shows 24.96% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 130.53% and total cumulative return in cash records $54,089. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $999/mo property income covering a $612/mo payment rather than investor’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: 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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