2159 Parliament DrSterling HeightsMI48310
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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 2159 Parliament Dr, Sterling Heights, MI, 48310 uses $74,588 cash to close to unlock $4,038/yr annual cash flow and $337/mo monthly cash flow. Total monthly income runs $1,820/mo, and a $1,101/mo payment keeps the spread at $337/mo. Purchase price stands at $225,000, and rental yield measures 9.71% with $1,820/mo rent. Return on cash invested shows 25.32% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 132.44% and total cumulative return in cash records $98,781. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,820/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1960
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48310, Sterling Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,880 (100%) |
| Owner Occupied HU | 11,823 (74.5%) |
| Renter Occupied HU | 3,635 (22.9%) |
| Vacant Housing Units | 422 ( 2.7%) |
| Median Home Value | $282,538 |
| Average Home Value | $295,248 |
Housing Distribution
Address Breakdown
Residential
15,732
Single Family
14,767
Multi-Family
965
Businesses
876
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Listed by: Bryan Gron • Realteam Real Estate
Mls Name: MiRealSource
Mls ID: #50197191