3051 Lindenwood DrDearbornMI48120
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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 3051 Lindenwood Dr, Dearborn, MI, 48120 generates $2,880/mo in rent and, after a $1,532/mo payment, leaves $816/mo in cash flow. Total monthly income is $2,880/mo, and annual cash flow is $9,791/yr on $103,759 invested. Return on cash invested sits at 29.35% in year one, and rental yield is 11.04% on a $312,999 entry. Equity gained on principal adds $2,020/yr, while 5% annual appreciation builds toward $86,476 over five years. Five-year ROI reaches 153.97% and total cumulative return in cash sums $159,757. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,880/mo property income rather than buyer’s personal income.
Townhouse
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48120, Dearborn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,013 (100%) |
| Owner Occupied HU | 1,141 (37.9%) |
| Renter Occupied HU | 1,625 (53.9%) |
| Vacant Housing Units | 247 ( 8.2%) |
| Median Home Value | $267,370 |
| Average Home Value | $291,535 |
Housing Distribution
Address Breakdown
Residential
2,636
Single Family
1,837
Multi-Family
799
Businesses
260
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