3341 Pelham StDearbornMI48124
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
Investment property for sale in Dearborn at 3341 Pelham St, Dearborn, MI, 48124 at $225,570 posts ROI 28.1% with $511/mo cash flow from $1,998/mo rent. Total monthly income equals $1,998/mo, and annual cash flow records $6,126/yr on $74,776 to close. Return on cash invested measures 28.1% and rental yield reads 10.63% at the current $225,570. Equity gained on principal adds $1,456/yr, and 5% annual appreciation supports $62,321 by year five. Five-year ROI prints 147.33% and total cumulative return in cash totals $110,168.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,998/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1952
3,920 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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