4835 Chovin StDearbornMI48126
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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 4835 Chovin St, Dearborn, MI, 48126 uses $72,930 cash to close to unlock $3,444/yr annual cash flow and $287/mo monthly cash flow. Total monthly income runs $1,738/mo, and a $1,077/mo payment keeps the spread at $287/mo. Purchase price stands at $220,000, and rental yield measures 9.48% with $1,738/mo rent. Return on cash invested shows 24.63% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 128.69% and total cumulative return in cash records $93,851. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,738/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1941
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48126, Dearborn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,299 (100%) |
| Owner Occupied HU | 9,434 (54.5%) |
| Renter Occupied HU | 6,827 (39.5%) |
| Vacant Housing Units | 1,038 ( 6.0%) |
| Median Home Value | $230,619 |
| Average Home Value | $294,571 |
Housing Distribution
Address Breakdown
Residential
15,536
Single Family
13,909
Multi-Family
1,627
Businesses
1,654
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