5845 Miller RdDearbornMI48126
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 5845 Miller Rd, Dearborn, MI, 48126 in Dearborn at $135,000 earns $1,019/mo in rent and nets $129/mo after the $607/mo payment, a 9.06% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $37,298 over five years. Ziffy Mortgage underwrites this on a 1.68 DSCR without U.S. credit history. With $1,243/yr in principal paydown, total projected return reaches $59,750.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 8.0% |
| Monthly Cash Flow | $129 | $350 |
City averages based on Dearborn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,019 |
| Total Monthly Debt Service | $837 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1931
1,742 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
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
Townhouse
Built in 1931
1,742 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices