12840 Corbin 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 12840 Corbin Dr, Sterling Heights, MI, 48313 earns $154/mo cash flow from $2,956/mo rent with a $2,080/mo payment. Total monthly income totals $2,956/mo, and annual cash flow totals $1,842/yr on $140,887 capital. ROI tracks 21.22% on current figures, and rental yield reads 8.35% at a $424,999 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,419 over five years. Five-year ROI reaches 110.39% and total cumulative return in cash sums $155,524. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,956/mo property income instead of your personal income.
Single Family
Built in 1977
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: Ryan A Parks • Keller Williams Premier
Mls Name: Realcomp II
Mls ID: #20251061324