3806 Partagas Dr #48Sterling 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
Rental property for sale in Sterling Heights at 3806 Partagas Dr #48, Sterling Heights, MI, 48310 generates $2,000/mo in rent, after a $1,908/mo payment. Total monthly income is $2,000/mo. Return on cash invested sits at 14.61% in year one, and rental yield is 6.16% on a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 74.97% and total cumulative return in cash sums $96,901. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,000/mo property income rather than buyer’s personal income.
Condo
Built in 2017
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: Michael Klaiber • K. W. Peterson & Associates
Mls Name: MichRIC
Mls ID: #25062441