33723 Cornelissen 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 33723 Cornelissen Dr, Sterling Heights, MI, 48312 uses $79,527 cash to close to unlock $25,226/yr annual cash flow and $2,102/mo monthly cash flow. Total monthly income runs $3,684/mo, and a $1,174/mo payment keeps the spread at $2,102/mo. Purchase price stands at $239,900, and rental yield measures 18.43% with $3,684/mo rent. Return on cash invested shows 51.63% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 273.52% and total cumulative return in cash records $217,519. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,684/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1967
8,276 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: Susan E Billiau • Berkshire Hathaway HomeServices Kee Realty Clinton
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240050274
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-09-15 01:04:42 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702