6017 Mulberry 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 6017 Mulberry Dr, Sterling Heights, MI, 48314 listed at $331,000 pairs $3,409/mo rent with a $1,620/mo payment to leave $1,226/mo cash flow. Total monthly income runs $3,409/mo, and annual cash flow reaches $14,716/yr on $109,727 cash to close. Return on cash invested measures 33.32% in year one, and rental yield registers 12.36% at a $331,000 basis. Equity gained on principal adds $2,136/yr, and annual property appreciation at 5% supports $91,449 by year five. Five-year ROI tracks 175.32% and total cumulative return in cash totals $192,373. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,409/mo property income relative to a $1,620/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1996
7,840 sqft 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: Thornton Realty Team • Coldwell Banker Professionals -Okemos
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #290231
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS