37216 Vernon DrSterling 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 37216 Vernon Dr, Sterling Heights, MI, 48310 listed at $329,777 pairs $2,417/mo rent with a $1,614/mo payment to leave $242/mo cash flow. Total monthly income runs $2,417/mo, and annual cash flow reaches $2,909/yr on $109,321 cash to close. Return on cash invested measures 22.57% in year one, and rental yield registers 8.8% at a $329,777 basis. Equity gained on principal adds $2,128/yr, and annual property appreciation at 5% supports $91,111 by year five. Five-year ROI tracks 117.67% and total cumulative return in cash totals $128,641. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,417/mo property income relative to a $1,614/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
8,712 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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Listed by: John Diamond • RE/MAX First
Mls Name: MiRealSource
Mls ID: #50197131