41309 Memphis 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 41309 Memphis Dr, Sterling Heights, MI, 48313 offers a 9.59% rental yield on a $275,000 purchase with $2,197/mo rent. Total monthly income registers $2,197/mo, and a $1,346/mo payment leaves $384/mo available for distribution. Annual cash flow reaches $4,602/yr on $91,163 to close, and return on cash invested stands at 24.96% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 130.46% and total cumulative return in cash at $118,931. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,197/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
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: Nick G Ottenbacher • Brookstone, Realtors LLC
Mls Name: Realcomp II
Mls ID: #20251034150