8520 Hampshire 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
Rental property for sale in Sterling Heights at 8520 Hampshire Dr, Sterling Heights, MI, 48313 generates $2,083/mo in rent and, after a $942/mo payment, leaves $486/mo in cash flow. Total monthly income is $2,083/mo, and annual cash flow is $5,829/yr on $63,814 invested. Return on cash invested sits at 29.04% in year one, and rental yield is 12.98% on a $192,500 entry. Equity gained on principal adds $1,242/yr, while 5% annual appreciation builds toward $53,184 over five years. Five-year ROI reaches 154.58% and total cumulative return in cash sums $98,645. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,083/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$328 monthly 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: Colleen Rozwadowski • Century 21 Professionals
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50184521
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