8530 Leslie DrSterling HeightsMI48314
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 8530 Leslie Dr, Sterling Heights, MI, 48314 priced at $296,300 pairs $2,083/mo rent with $129/mo cash flow after a $1,450/mo payment. Total monthly income equals $2,083/mo, and annual cash flow comes to $1,551/yr on $98,223 invested. Return on cash invested is 21.49% in year one, and rental yield stands at 8.44% on a $296,300 basis. Equity gained on principal adds $1,912/yr, and 5% annual appreciation accumulates to $81,862 by year five. Five-year ROI measures 111.86% and total cumulative return in cash reaches $109,874. For financing, Ziffy Mortgage’s DSCR program evaluates $2,083/mo property income against a $1,450/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
7,405 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: Robert A Scalici • Re/Max First
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50172019
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