44345 Nova 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 44345 Nova Dr, Sterling Heights, MI, 48314 earns $179/mo cash flow from $2,744/mo rent with a $1,904/mo payment. Total monthly income totals $2,744/mo, and annual cash flow totals $2,144/yr on $128,954 capital. ROI tracks 21.57% on current figures, and rental yield reads 8.46% at a $389,000 purchase. Equity gained on principal adds $2,510/yr, and 5% annual appreciation supports $107,474 over five years. Five-year ROI reaches 112.29% and total cumulative return in cash sums $144,798. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,744/mo property income instead of your personal income.
Condo
Built in 2004
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: Stacy Miletti • Real Estate One-Troy
Mls Name: Realcomp II
Mls ID: #20251031977