39911 Parklawn 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 39911 Parklawn Dr, Sterling Heights, MI, 48313 uses $90,168 cash to close to unlock $10,639/yr annual cash flow and $887/mo monthly cash flow. Total monthly income runs $2,680/mo, and a $1,331/mo payment keeps the spread at $887/mo. Purchase price stands at $272,000, and rental yield measures 11.82% with $2,680/mo rent. Return on cash invested shows 31.71% in year one, and 5% annual appreciation builds toward $75,149 over five years. Five-year ROI reaches 166.65% and total cumulative return in cash records $150,269. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,680/mo property income covering a $1,331/mo payment rather than investor’s personal income.
Single Family
Built in 1963
7,405 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: Ken Liang • Keller Williams Realty Lakeside
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50165628
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