35285 Lana LnSterling HeightsMI48312
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 35285 Lana Ln, Sterling Heights, MI, 48312 generates $2,555/mo in rent and, after a $1,737/mo payment, leaves $215/mo in cash flow. Total monthly income is $2,555/mo, and annual cash flow is $2,576/yr on $117,649 invested. Return on cash invested sits at 22.1% in year one, and rental yield is 8.64% on a $354,900 entry. Equity gained on principal adds $2,290/yr, while 5% annual appreciation builds toward $98,052 over five years. Five-year ROI reaches 115.12% and total cumulative return in cash sums $135,436. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,555/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
8,712 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matthew Istifu • ICON Realty Experts, LLC
Mls Name: Realcomp II
Mls ID: #20261001660