11904 Fifteen Mile Rd #6Sterling 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 11904 Fifteen Mile Rd #6, Sterling Heights, MI, 48312 listed at $208,900 pairs $1,986/mo rent with a $1,022/mo payment to leave $328/mo cash flow. Total monthly income runs $1,986/mo, and annual cash flow reaches $3,934/yr on $69,250 cash to close. Return on cash invested measures 25.59% in year one, and rental yield registers 11.41% at a $208,900 basis. Equity gained on principal adds $1,348/yr, and annual property appreciation at 5% supports $57,715 by year five. Five-year ROI tracks 135.6% and total cumulative return in cash totals $93,906. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,986/mo property income relative to a $1,022/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
N/A lot
$N/A/sqft
$281 monthly 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: Michelle Naumovski • RE/MAX First
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50153841
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