26132 Hanover StDearborn HeightsMI48125
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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 Heights at 26132 Hanover St, Dearborn Heights, MI, 48125 generates $873/mo in rent and, after a $563/mo payment, leaves $115/mo in cash flow. Total monthly income is $873/mo, and annual cash flow is $1,374/yr on $38,123 invested. Return on cash invested sits at 23.51% in year one, and rental yield is 9.11% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 122.79% and total cumulative return in cash sums $46,809. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $873/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
5,662 sqft 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
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Listed by: Jessica Graves • Vantage Realty Group, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25040897
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.