9 Canfield CirDearborn HeightsMI48127
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
Investment Highlights
Rental property for sale in Dearborn Heights at 9 Canfield Cir, Dearborn Heights, MI, 48127 offers $1,421/mo rent that, after a $1,125/mo payment. Total monthly income is $1,421/mo. Return on cash invested measures 18.42% in year one, and rental yield stands at 7.42% at a $229,900 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,517 by year five. Five-year ROI records 95.42% and total cumulative return in cash reaches $72,719. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,421/mo property income versus a $1,125/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1997
N/A 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
Listed by: Ali T Charara • Century 21 Curran & Oberski
Mls Name: Realcomp II
Mls ID: #20251040193