13185 Canopy DrSterling HeightsMI48313
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Sterling Heights at 13185 Canopy Dr, Sterling Heights, MI, 48313 generates $2,177/mo in rent and, after a $1,312/mo payment, leaves $409/mo in cash flow. Total monthly income is $2,177/mo, and annual cash flow is $4,913/yr on $88,842 invested. Return on cash invested sits at 25.44% in year one, and rental yield is 9.75% on a $268,000 entry. Equity gained on principal adds $1,729/yr, while 5% annual appreciation builds toward $74,043 over five years. Five-year ROI reaches 133.06% and total cumulative return in cash sums $118,209. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,177/mo property income rather than buyer’s personal income.
Townhouse
Built in 2004
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Aniq Uppal • Gateway Brokerage
Mls Name: Realcomp II
Mls ID: #20251041409