4118 Nickolas DrSterling HeightsMI48310
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 4118 Nickolas Dr, Sterling Heights, MI, 48310 in Sterling Heights: $3,102/mo in rent, $336/mo in net income, 8.87% gross yield, 1.64 DSCR, all at $419,500. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $115,900 in appreciation and $3,864/yr in principal paydown projects total cumulative return of $181,433.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 4.2% |
| Monthly Cash Flow | $336 | $850 |
City averages based on Sterling Heights market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,102 |
| Total Monthly Debt Service | $2,599 |
| DSCR Ratio | 1.19x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1971
9,583 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1971
9,583 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janis A Valenti • KW Metro
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20250012076
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-03-20 03:25:34 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702