3823 Cherry Creek LnSterling HeightsMI48314
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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 3823 Cherry Creek Ln, Sterling Heights, MI, 48314 uses $77,571 cash to close to unlock $1,070/yr annual cash flow and $89/mo monthly cash flow. Total monthly income runs $1,632/mo, and a $1,145/mo payment keeps the spread at $89/mo. Purchase price stands at $234,000, and rental yield measures 8.37% with $1,632/mo rent. Return on cash invested shows 21.29% in year one, and 5% annual appreciation builds toward $64,650 over five years. Five-year ROI reaches 110.81% and total cumulative return in cash records $85,959. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,632/mo property income covering a $1,145/mo payment rather than investor’s personal income.
Townhouse
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48314, Sterling Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,131 (100%) |
| Owner Occupied HU | 6,584 (72.1%) |
| Renter Occupied HU | 2,232 (24.4%) |
| Vacant Housing Units | 315 ( 3.4%) |
| Median Home Value | $361,134 |
| Average Home Value | $368,744 |
Housing Distribution
Address Breakdown
Residential
9,024
Single Family
7,962
Multi-Family
1,062
Businesses
714
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Listed by: Cornelius Wilson • Five Star Luxury Realty
Mls Name: Realcomp II
Mls ID: #20261005646