37301 Barrington DrSterling HeightsMI48312
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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 37301 Barrington Dr, Sterling Heights, MI, 48312 offers a 11.89% rental yield on a $228,900 purchase with $2,268/mo rent. Total monthly income registers $2,268/mo, and a $1,120/mo payment leaves $759/mo available for distribution. Annual cash flow reaches $9,106/yr on $75,880 to close, and return on cash invested stands at 31.91% in year one. Equity gained on principal adds $1,477/yr while 5% annual appreciation supports $63,241 over five years. Portfolio math shows five-year ROI at 167.74% and total cumulative return in cash at $127,281. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,268/mo property income against a $1,120/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48312, Sterling Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,521 (100%) |
| Owner Occupied HU | 10,355 (71.3%) |
| Renter Occupied HU | 3,743 (25.8%) |
| Vacant Housing Units | 423 ( 2.9%) |
| Median Home Value | $267,544 |
| Average Home Value | $286,430 |
Housing Distribution
Address Breakdown
Residential
14,323
Single Family
12,224
Multi-Family
2,099
Businesses
703
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Listed by: Clayton L Waldschlager • ERA Prime Real Estate Group
Mls Name: MiRealSource
Mls ID: #50186639