12115 Canal RdSterling 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 12115 Canal Rd, Sterling Heights, MI, 48313 earns $701/mo cash flow from $2,777/mo rent with a $1,541/mo payment. Total monthly income totals $2,777/mo, and annual cash flow totals $8,408/yr on $104,389 capital. ROI tracks 27.96% on current figures, and rental yield reads 10.58% at a $314,900 purchase. Equity gained on principal adds $2,032/yr, and 5% annual appreciation supports $87,001 over five years. Five-year ROI reaches 146.58% and total cumulative return in cash sums $153,010. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,777/mo property income instead of your personal income.
Single Family
Built in 1955
10,018 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: Gavin Almeida • The Brand Real Estate
Mls Name: Realcomp II
Mls ID: #20251040131