11899 Wheaton DrSterling HeightsMI48313
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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 11899 Wheaton Dr, Sterling Heights, MI, 48313 uses $82,875 cash to close to unlock $8,748/yr annual cash flow and $729/mo monthly cash flow. Total monthly income runs $2,378/mo, and a $1,224/mo payment keeps the spread at $729/mo. Purchase price stands at $250,000, and rental yield measures 11.41% with $2,378/mo rent. Return on cash invested shows 30.46% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 159.97% and total cumulative return in cash records $132,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,378/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1959
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48313, Sterling Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,399 (100%) |
| Owner Occupied HU | 10,356 (71.9%) |
| Renter Occupied HU | 3,670 (25.5%) |
| Vacant Housing Units | 373 ( 2.6%) |
| Median Home Value | $273,235 |
| Average Home Value | $291,760 |
Housing Distribution
Address Breakdown
Residential
14,072
Single Family
12,606
Multi-Family
1,466
Businesses
651
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Listed by: Nysrete Lleshaj • @properties Christie's Int'l R.E. Birmingham
Mls Name: Realcomp II
Mls ID: #20251056274