3088 Elmcrest RdSterling 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
Rental property for sale in Sterling Heights at 3088 Elmcrest Rd, Sterling Heights, MI, 48310 priced at $322,000 pairs $2,566/mo rent with $338/mo cash flow after a $1,576/mo payment. Total monthly income equals $2,566/mo, and annual cash flow comes to $4,059/yr on $106,743 invested. Return on cash invested is 23.71% in year one, and rental yield stands at 9.56% on a $322,000 basis. Equity gained on principal adds $2,078/yr, and 5% annual appreciation accumulates to $88,963 by year five. Five-year ROI measures 124.23% and total cumulative return in cash reaches $132,607. For financing, Ziffy Mortgage’s DSCR program evaluates $2,566/mo property income against a $1,576/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1984
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: Jonathan Minerick • HomeCoin.com
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50174668
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