11248 Forrer DrSterling HeightsMI48312
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
Investment property for sale in Sterling Heights at 11248 Forrer Dr, Sterling Heights, MI, 48312 earns $659/mo cash flow from $2,374/mo rent with a $1,273/mo payment. Total monthly income totals $2,374/mo, and annual cash flow totals $7,908/yr on $86,190 capital. ROI tracks 29.08% on current figures, and rental yield reads 10.96% at a $260,000 purchase. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 over five years. Five-year ROI reaches 152.56% and total cumulative return in cash sums $131,489. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,374/mo property income instead of your personal income.
Single Family
Built in 1968
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48312, Sterling Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,521 (100%) |
| Owner Occupied HU | 10,355 (71.3%) |
| Renter Occupied HU | 3,743 (25.8%) |
| Vacant Housing Units | 423 ( 2.9%) |
| Median Home Value | $267,544 |
| Average Home Value | $286,430 |
Housing Distribution
Address Breakdown
Residential
14,323
Single Family
12,224
Multi-Family
2,099
Businesses
703
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy Cairns • Realty Executives Home Towne
Mls Name: Realcomp II
Mls ID: #20251029459