3587 Hamlet DrSterling 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 3587 Hamlet Dr, Sterling Heights, MI, 48310 priced at $339,900 converts $2,698/mo rent into $456/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,698/mo, and annual cash flow totals $5,474/yr on $112,677 invested. Return on cash invested prints 24.77% in year one, and rental yield reads 9.53% against a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation compiles into $93,908 by year five. Five-year ROI reaches 129.45% and total cumulative return in cash sums $145,859. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,698/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1986
10,018 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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Nearby investment properties with comparable prices
Listed by: Michelle Carey • Century 21 Professionals Clinton
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50168705
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