37288 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 37288 Vernon Dr, Sterling Heights, MI, 48310 offers a 9.52% rental yield on a $350,000 purchase with $2,778/mo rent. Total monthly income registers $2,778/mo, and a $1,713/mo payment leaves $470/mo available for distribution. Annual cash flow reaches $5,640/yr on $116,025 to close, and return on cash invested stands at 24.77% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 129.43% and total cumulative return in cash at $150,170. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,778/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
7,405 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: Alex Atta • Golden Key Realty Group LLC
Mls Name: Realcomp II
Mls ID: #20251044617