7411 N Vernon 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 7411 N Vernon St, Dearborn Heights, MI, 48127 uses $82,842 cash to close to unlock $122/yr annual cash flow and $10/mo monthly cash flow. Total monthly income runs $1,658/mo, and a $1,223/mo payment keeps the spread at $10/mo. Purchase price stands at $249,900, and rental yield measures 7.96% with $1,658/mo rent. Return on cash invested shows 20.06% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 104.21% and total cumulative return in cash records $86,330. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,658/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1950
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: Frank A Mastroianni • Real Estate One-Northville
Mls Name: Realcomp II
Mls ID: #20251060929