3560 Devonshire RdSterling HeightsMI48310
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 3560 Devonshire Rd, Sterling Heights, MI, 48310 generates $4,382/mo in rent and, after a $1,811/mo payment, leaves $1,942/mo in cash flow. Total monthly income is $4,382/mo, and annual cash flow is $23,304/yr on $122,655 invested. Return on cash invested sits at 38.91% in year one, and rental yield is 14.21% on a $369,999 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 205.23% and total cumulative return in cash sums $251,729. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,382/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
0.76 Acres 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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Nearby investment properties with comparable prices
Listed by: Carol Lukity • Berkshire Hathaway HomeServices Kee Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50155089
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