5118 Michael 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
Investment property for sale in Dearborn Heights at 5118 Michael St, Dearborn Heights, MI, 48125 uses $49,692 cash to close to unlock $2,438/yr annual cash flow and $203/mo monthly cash flow. Total monthly income runs $1,192/mo, and a $734/mo payment keeps the spread at $203/mo. Purchase price stands at $149,900, and rental yield measures 9.54% with $1,192/mo rent. Return on cash invested shows 24.82% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 129.8% and total cumulative return in cash records $64,499. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,192/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1956
5,227 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: Philip Al-ton • ICON Realty Experts, LLC
Mls Name: Realcomp II
Mls ID: #20251039381