38808 Sumpter 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
Rental property for sale in Sterling Heights at 38808 Sumpter Dr, Sterling Heights, MI, 48310 generates $3,004/mo in rent and, after a $2,055/mo payment, leaves $235/mo in cash flow. Total monthly income is $3,004/mo, and annual cash flow is $2,822/yr on $139,197 invested. Return on cash invested sits at 21.94% in year one, and rental yield is 8.58% on a $419,900 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 114.27% and total cumulative return in cash sums $159,060. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,004/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
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: Mariam Kesto • Real Estate One-W Blmfld
Mls Name: Realcomp II
Mls ID: #20250037102