1236 Longspur BlvdLake OrionMI48360
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 1236 Longspur Blvd, Lake Orion, MI, 48360 in Lake Orion offers a clean, manageable entry. Rental yield 6.82%. DSCR 1.26 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $275,591 in additional property value over five years, with $9,187/yr in principal equity building ownership stake. Total projected cumulative return: $313,021.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.8% | 7.5% |
| Monthly Cash Flow | $(1,051) | $350 |
City averages based on Lake Orion market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,669 |
| Total Monthly Debt Service | $6,323 |
| DSCR Ratio | 0.90x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2017
0.32 Acres lot
$N/A/sqft
$1,700 annually HOA
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
Single Family
Built in 2017
0.32 Acres lot
$N/A/sqft
$1,700 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Emer Kenny • Keller Williams Paint Creek
Mls Name: MichRIC
Mls Provider:
Mls ID: #25012324
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.