7412 Fenton StDearborn HeightsMI48127
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.86% yield at 7412 Fenton St, Dearborn Heights, MI, 48127 in Dearborn Heights is solid, but the $999/mo payment compresses net cash flow to $175/mo at $222,100. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $61,362 by year five, and $2,046/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.64) without U.S. income documentation. Total projected return: $95,840.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.1% |
| Monthly Cash Flow | $175 | $200 |
City averages based on Dearborn Heights market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,639 |
| Total Monthly Debt Service | $1,376 |
| DSCR Ratio | 1.19x |
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 1950
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
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 1950
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices