26340 Powers Avenue
Dearborn Heights, MI 48125
Single Family Residence · MLS # 20261091701 · Listing courtesy of @properties Christie's Int'l RE Northville
About this home
Turnkey Investment Opportunity – Immediate Rental Income! Excellent opportunity to acquire an established, income-producing rental property in Dearborn Heights! Currently leased to a great long-term tenant at $1,150 per month, generating $13,800 in annual gross rental income. This clean, well-maintained two-bedroom, one-bath home features a partially finished basement, spacious detached two-car garage, and recently updated mechanical systems. Ideal for investors looking to expand their rental portfolio or complete a 1031 exchange. Enjoy the benefit of an established tenant and immediate rental income without the hassle of finding a new occupant. Tenant occupied. Please do not disturb tenant. No showings without an accepted offer.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Dearborn Heights
Over the last 90 days, 169 homes sold in Dearborn Heights for a median of $212,500, about $150 per square foot, and the typical one went under contract in 15 days. This home is listed at $115,000, or $98 per square foot, 35% below the city median, and has been on the market 1 day. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Dearborn Heights sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $3,538 a year. A buyer who lives here would pay about $2,701 to $3,030 a year once the taxable value resets after the sale, at the 2025 homestead rate of 52.18 mills for Dearborn Heights City and Westwood schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Dearborn Heights
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