37228 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 37228 Vernon Dr, Sterling Heights, MI, 48310 earns $329/mo cash flow from $2,570/mo rent with a $1,663/mo payment. Total monthly income totals $2,570/mo, and annual cash flow totals $3,953/yr on $112,636 capital. ROI tracks 23.42% on current figures, and rental yield reads 9.08% at a $339,777 purchase. Equity gained on principal adds $2,193/yr, and 5% annual appreciation supports $93,874 over five years. Five-year ROI reaches 122.21% and total cumulative return in cash sums $137,648. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,570/mo property income instead of your personal income.
Single Family
Built in 1975
7,840 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: #50195218