41816 Langley 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 41816 Langley Dr, Sterling Heights, MI, 48313 offers a 9.5% rental yield on a $219,900 purchase with $1,741/mo rent. Total monthly income registers $1,741/mo, and a $1,076/mo payment leaves $291/mo available for distribution. Annual cash flow reaches $3,494/yr on $72,897 to close, and return on cash invested stands at 24.7% in year one. Equity gained on principal adds $1,419/yr while 5% annual appreciation supports $60,754 over five years. Portfolio math shows five-year ROI at 129.13% and total cumulative return in cash at $94,132. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,741/mo property income against a $1,076/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
2,000 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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Nearby investment properties with comparable prices
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