2268 Serra DrSterling HeightsMI48310
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
Investment property for sale in Sterling Heights at 2268 Serra Dr, Sterling Heights, MI, 48310 earns $699/mo cash flow from $2,875/mo rent with a $1,615/mo payment. Total monthly income totals $2,875/mo, and annual cash flow totals $8,390/yr on $109,362 capital. ROI tracks 27.58% on current figures, and rental yield reads 10.46% at a $329,900 purchase. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,145 over five years. Five-year ROI reaches 144.56% and total cumulative return in cash sums $158,091. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,875/mo property income instead of your personal income.
Single Family
Built in 1960
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frank A Mastroianni • Real Estate One-Northville
Mls Name: Realcomp II
Mls ID: #20251044744