1339 S Melita RdSterlingMI48659
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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 at 1339 S Melita Rd, Sterling, MI, 48659 uses $82,842 cash to close to unlock $1,490/yr annual cash flow and $124/mo monthly cash flow. Total monthly income runs $1,772/mo, and a $1,223/mo payment keeps the spread at $124/mo. Purchase price stands at $249,900, and rental yield measures 8.51% with $1,772/mo rent. Return on cash invested shows 21.71% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 113.06% and total cumulative return in cash records $93,662. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,772/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1900
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48659, Sterling, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,336 (100%) |
| Owner Occupied HU | 1,041 (77.9%) |
| Renter Occupied HU | 116 ( 8.7%) |
| Vacant Housing Units | 179 (13.4%) |
| Median Home Value | $153,635 |
| Average Home Value | $181,765 |
Housing Distribution
Address Breakdown
Residential
1,126
Single Family
1,126
Multi-Family
0
Businesses
46
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