7148 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 7148 Plainfield St, Dearborn Heights, MI, 48127 offers a 8.66% rental yield on a $359,900 purchase with $2,598/mo rent. Total monthly income registers $2,598/mo, and a $1,762/mo payment leaves $224/mo available for distribution. Annual cash flow reaches $2,690/yr on $119,307 to close, and return on cash invested stands at 22.16% in year one. Equity gained on principal adds $2,322/yr while 5% annual appreciation supports $99,434 over five years. Portfolio math shows five-year ROI at 115.49% and total cumulative return in cash at $137,786. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,598/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
7,405 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: Mohamed Alshubi • Keller Williams Legacy
Mls Name: Realcomp II
Mls ID: #20251056849