2311 Heritage Pointe DrSterling HeightsMI48314
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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 2311 Heritage Pointe Dr, Sterling Heights, MI, 48314 earns $113/mo cash flow from $1,596/mo rent with a $1,101/mo payment. Total monthly income totals $1,596/mo, and annual cash flow totals $1,350/yr on $74,588 capital. ROI tracks 21.72% on current figures, and rental yield reads 8.51% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 113.11% and total cumulative return in cash sums $84,369. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,596/mo property income instead of your personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48314, Sterling Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,131 (100%) |
| Owner Occupied HU | 6,584 (72.1%) |
| Renter Occupied HU | 2,232 (24.4%) |
| Vacant Housing Units | 315 ( 3.4%) |
| Median Home Value | $361,134 |
| Average Home Value | $368,744 |
Housing Distribution
Address Breakdown
Residential
9,024
Single Family
7,962
Multi-Family
1,062
Businesses
714
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Listed by: John Yorke • EXP Realty Rochester
Mls Name: Realcomp II
Mls ID: #20251058520