36310 Park Place 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
Investment property for sale in Sterling Heights at 36310 Park Place Dr, Sterling Heights, MI, 48310 uses $66,226 cash to close to unlock $4,709/yr annual cash flow and $392/mo monthly cash flow. Total monthly income runs $1,710/mo, and a $978/mo payment keeps the spread at $392/mo. Purchase price stands at $199,777, and rental yield measures 10.27% with $1,710/mo rent. Return on cash invested shows 27.02% in year one, and 5% annual appreciation builds toward $55,195 over five years. Five-year ROI reaches 141.55% and total cumulative return in cash records $93,742. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,710/mo property income covering a $978/mo payment rather than investor’s personal income.
Townhouse
Built in 1973
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rachel Kazak • Century 21 Professionals Clarkston
Mls Name: Realcomp II
Mls ID: #20251059339