33138 Somerset DrSterling HeightsMI48312
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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 33138 Somerset Dr, Sterling Heights, MI, 48312 uses $101,074 cash to close to unlock $9,692/yr annual cash flow and $808/mo monthly cash flow. Total monthly income runs $2,818/mo, and a $1,492/mo payment keeps the spread at $808/mo. Purchase price stands at $304,900, and rental yield measures 11.09% with $2,818/mo rent. Return on cash invested shows 29.5% in year one, and 5% annual appreciation builds toward $84,238 over five years. Five-year ROI reaches 154.81% and total cumulative return in cash records $156,470. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,818/mo property income covering a $1,492/mo payment rather than investor’s personal income.
Single Family
Built in 1966
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48312, Sterling Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,521 (100%) |
| Owner Occupied HU | 10,355 (71.3%) |
| Renter Occupied HU | 3,743 (25.8%) |
| Vacant Housing Units | 423 ( 2.9%) |
| Median Home Value | $267,544 |
| Average Home Value | $286,430 |
Housing Distribution
Address Breakdown
Residential
14,323
Single Family
12,224
Multi-Family
2,099
Businesses
703
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Listed by: Steve Jenkins • Berkshire Hathaway HomeServices Kee Realty
Mls Name: MiRealSource
Mls ID: #50189031