6643 Drexel 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 6643 Drexel St, Dearborn Heights, MI, 48127 listed at $249,900 pairs $2,090/mo rent with a $1,223/mo payment to leave $442/mo cash flow. Total monthly income runs $2,090/mo, and annual cash flow reaches $5,306/yr on $82,842 cash to close. Return on cash invested measures 26.31% in year one, and rental yield registers 10.04% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 137.76% and total cumulative return in cash totals $114,122. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,090/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1961
6,098 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: Amanda Trudeau • Remerica United Realty
Mls Name: MichRIC
Mls ID: #25044546