3508 Franklin Park DrSterling 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
Investment property for sale in Sterling Heights at 3508 Franklin Park Dr, Sterling Heights, MI, 48310 with 5% annual appreciation on a $375,000 basis while $3,253/mo rent supports operations. Total monthly income totals $3,253/mo and a $1,835/mo payment preserves $781/mo for cash returns. Annual cash flow comes to $9,366/yr on $124,313 deployed, and return on cash invested reaches 27.44% in year one. Equity gained on principal adds $2,420/yr, and five-year appreciation sums $103,606 alongside rental yield of 10.41%. Five-year ROI measures 143.79% and total cumulative return in cash totals $178,755.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,253/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
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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