909 N Highland StDearbornMI48128
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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 909 N Highland St, Dearborn, MI, 48128 uses $86,190 cash to close to unlock $5,532/yr annual cash flow and $461/mo monthly cash flow. Total monthly income runs $2,176/mo, and a $1,273/mo payment keeps the spread at $461/mo. Purchase price stands at $260,000, and rental yield measures 10.04% with $2,176/mo rent. Return on cash invested shows 26.33% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 137.79% and total cumulative return in cash records $118,757. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,176/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1941
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48128, Dearborn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,261 (100%) |
| Owner Occupied HU | 3,704 (86.9%) |
| Renter Occupied HU | 392 ( 9.2%) |
| Vacant Housing Units | 165 ( 3.9%) |
| Median Home Value | $256,719 |
| Average Home Value | $311,234 |
Housing Distribution
Address Breakdown
Residential
4,317
Single Family
4,167
Multi-Family
150
Businesses
150
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