7630 Steadman StDearbornMI48126
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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
Rental property for sale in Dearborn at 7630 Steadman St, Dearborn, MI, 48126 priced at $292,200 pairs $4,889/mo rent with $2,962/mo cash flow after a $1,430/mo payment. Total monthly income equals $4,889/mo, and annual cash flow comes to $35,547/yr on $96,864 invested. Return on cash invested is 56.61% in year one, and rental yield stands at 20.08% on a $292,200 basis. Equity gained on principal adds $1,886/yr, and 5% annual appreciation accumulates to $80,729 by year five. Five-year ROI measures 300.2% and total cumulative return in cash reaches $290,783. For financing, Ziffy Mortgage’s DSCR program evaluates $4,889/mo property income against a $1,430/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
7,753 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48126, Dearborn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,299 (100%) |
| Owner Occupied HU | 9,434 (54.5%) |
| Renter Occupied HU | 6,827 (39.5%) |
| Vacant Housing Units | 1,038 ( 6.0%) |
| Median Home Value | $230,619 |
| Average Home Value | $294,571 |
Housing Distribution
Address Breakdown
Residential
15,536
Single Family
13,909
Multi-Family
1,627
Businesses
1,654
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