7821 Mead 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
Investment property for sale in Dearborn at 7821 Mead St, Dearborn, MI, 48126 offers a 11.77% rental yield on a $199,900 purchase with $1,961/mo rent. Total monthly income registers $1,961/mo, and a $978/mo payment leaves $643/mo available for distribution. Annual cash flow reaches $7,718/yr on $66,267 to close, and return on cash invested stands at 31.56% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 165.89% and total cumulative return in cash at $109,933. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,961/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
3,920 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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