11447 Canterbury DrSterling HeightsMI48312
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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 Sterling Heights at 11447 Canterbury Dr, Sterling Heights, MI, 48312 offers a 8.49% rental yield on a $420,000 purchase with $2,972/mo rent. Total monthly income registers $2,972/mo, and a $2,056/mo payment leaves $202/mo available for distribution. Annual cash flow reaches $2,424/yr on $139,230 to close, and return on cash invested stands at 21.65% in year one. Equity gained on principal adds $2,710/yr while 5% annual appreciation supports $116,038 over five years. Portfolio math shows five-year ROI at 112.7% and total cumulative return in cash at $156,907. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,972/mo property income against a $2,056/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
9,583 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
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Listed by: Hadeer Emmanuel • Arterra Realty Michigan LLC
Mls Name: Realcomp II
Mls ID: #20251012399