8561 Winchester 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
Investment property for sale in Sterling Heights at 8561 Winchester Dr, Sterling Heights, MI, 48313 with 5% annual appreciation on a $199,900 basis while $1,692/mo rent supports operations. Total monthly income totals $1,692/mo and a $978/mo payment preserves $46/mo for cash returns. Annual cash flow comes to $554/yr on $66,267 deployed, and return on cash invested reaches 20.75% in year one. Equity gained on principal adds $1,290/yr, and five-year appreciation sums $55,229 alongside rental yield of 10.16%. Five-year ROI measures 110.08% and total cumulative return in cash totals $72,949.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,692/mo property income versus a $978/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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 Macomb
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50171116
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