5939 Robindale AveDearborn HeightsMI48127
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 Heights at 5939 Robindale Ave, Dearborn Heights, MI, 48127 uses $59,305 cash to close to unlock $2,338/yr annual cash flow and $195/mo monthly cash flow. Total monthly income runs $1,375/mo, and a $876/mo payment keeps the spread at $195/mo. Purchase price stands at $178,900, and rental yield measures 9.22% with $1,375/mo rent. Return on cash invested shows 23.85% in year one, and 5% annual appreciation builds toward $49,427 over five years. Five-year ROI reaches 124.51% and total cumulative return in cash records $73,843. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,375/mo property income covering a $876/mo payment rather than investor’s personal income.
Single Family
Built in 1953
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48127, Dearborn Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,700 (100%) |
| Owner Occupied HU | 10,652 (72.5%) |
| Renter Occupied HU | 3,391 (23.1%) |
| Vacant Housing Units | 657 ( 4.5%) |
| Median Home Value | $251,728 |
| Average Home Value | $305,679 |
Housing Distribution
Address Breakdown
Residential
14,626
Single Family
13,568
Multi-Family
1,058
Businesses
817
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Zeinab Issa • Keller Williams Legacy
Mls Name: Realcomp II
Mls ID: #20261002641