8805 Whitlock AveDearbornMI48126
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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 8805 Whitlock Ave, Dearborn, MI, 48126 offers a 14.09% rental yield on a $216,700 purchase with $2,545/mo rent. Total monthly income registers $2,545/mo, and a $1,061/mo payment leaves $1,116/mo available for distribution. Annual cash flow reaches $13,387/yr on $71,836 to close, and return on cash invested stands at 38.54% in year one. Equity gained on principal adds $1,398/yr while 5% annual appreciation supports $59,870 over five years. Portfolio math shows five-year ROI at 203.32% and total cumulative return in cash at $146,059. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,545/mo property income against a $1,061/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
6,534 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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