40220 Walter 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
Investment property for sale in Sterling Heights at 40220 Walter Dr, Sterling Heights, MI, 48310 uses $99,450 cash to close to unlock $9,228/yr annual cash flow and $769/mo monthly cash flow. Total monthly income runs $2,747/mo, and a $1,468/mo payment keeps the spread at $769/mo. Purchase price stands at $299,999, and rental yield measures 10.99% with $2,747/mo rent. Return on cash invested shows 29.19% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 153.12% and total cumulative return in cash records $152,280. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,747/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1977
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: Moe Kharroubi • RE/MAX Team 2000
Mls Name: Realcomp II
Mls ID: #20251056876