39846 Karola DrSterling HeightsMI48313
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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 39846 Karola Dr, Sterling Heights, MI, 48313 uses $87,814 cash to close to unlock $7,568/yr annual cash flow and $631/mo monthly cash flow. Total monthly income runs $2,378/mo, and a $1,297/mo payment keeps the spread at $631/mo. Purchase price stands at $264,900, and rental yield measures 10.77% with $2,378/mo rent. Return on cash invested shows 28.53% in year one, and 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 149.6% and total cumulative return in cash records $131,372. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,378/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1964
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48313, Sterling Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,399 (100%) |
| Owner Occupied HU | 10,356 (71.9%) |
| Renter Occupied HU | 3,670 (25.5%) |
| Vacant Housing Units | 373 ( 2.6%) |
| Median Home Value | $273,235 |
| Average Home Value | $291,760 |
Housing Distribution
Address Breakdown
Residential
14,072
Single Family
12,606
Multi-Family
1,466
Businesses
651
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Listed by: Philip Whitworth • Grant and Main, LLC
Mls Name: MichRIC
Mls ID: #25043572