4378 Gardenia DrSterling HeightsMI48314
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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 4378 Gardenia Dr, Sterling Heights, MI, 48314 offers a 9.42% rental yield on a $350,000 purchase with $2,747/mo rent. Total monthly income registers $2,747/mo, and a $1,713/mo payment leaves $439/mo available for distribution. Annual cash flow reaches $5,268/yr on $116,025 to close, and return on cash invested stands at 24.45% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 127.71% and total cumulative return in cash at $148,178. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,747/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48314, Sterling Heights, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,131 (100%) |
| Owner Occupied HU | 6,584 (72.1%) |
| Renter Occupied HU | 2,232 (24.4%) |
| Vacant Housing Units | 315 ( 3.4%) |
| Median Home Value | $361,134 |
| Average Home Value | $368,744 |
Housing Distribution
Address Breakdown
Residential
9,024
Single Family
7,962
Multi-Family
1,062
Businesses
714
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Listed by: Sharon A Spindler • Real Estate One-W Blmfld
Mls Name: Realcomp II
Mls ID: #20261000442