6019 Payne AveDearbornMI48126
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 6019 Payne Ave, Dearborn, MI, 48126 in Dearborn speaks for itself: 11.85% gross on a $189,999 price, generating $1,877/mo in rent and $624/mo in net income after the $854/mo debt service. DSCR 2.20, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,486 stacks alongside $52,493 in projected five-year appreciation and $1,750/yr in principal reduction. Projected total cumulative return: $112,563.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 8.0% |
| Monthly Cash Flow | $624 | $350 |
City averages based on Dearborn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,877 |
| Total Monthly Debt Service | $1,177 |
| DSCR Ratio | 1.59x |
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.
Single Family
Built in 1930
4,356 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
Single Family
Built in 1930
4,356 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