6062 Plainfield StDearborn HeightsMI48127
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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 6062 Plainfield St, Dearborn Heights, MI, 48127 earns $134/mo cash flow from $2,112/mo rent with a $1,468/mo payment. Total monthly income totals $2,112/mo, and annual cash flow totals $1,610/yr on $99,417 capital. ROI tracks 21.53% on current figures, and rental yield reads 8.45% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 112.1% and total cumulative return in cash sums $111,448. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,112/mo property income instead of your personal income.
Single Family
Built in 1957
5,662 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
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Listed by: Bilal Sabbagh • Own It Realty
Mls Name: Realcomp II
Mls ID: #20251034970