36650 Park Place Dr #51Sterling 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 36650 Park Place Dr #51, Sterling Heights, MI, 48310 offers a 8.07% rental yield on a $230,000 purchase with $1,547/mo rent. Total monthly income registers $1,547/mo, and a $1,126/mo payment leaves $30/mo available for distribution. Annual cash flow reaches $360/yr on $76,245 to close, and return on cash invested stands at 20.38% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 105.88% and total cumulative return in cash at $80,731. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,547/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
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
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Listed by: Lina Yousif • National Realty Centers, Inc
Mls Name: Realcomp II
Mls ID: #20251040154