1334 De Goff CtLake OrionMI48362
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 Lake Orion at 1334 De Goff Ct, Lake Orion, MI, 48362 generates $2,428/mo in rent and, after a $1,542/mo payment, leaves $351/mo in cash flow. Total monthly income is $2,428/mo, and annual cash flow is $4,206/yr on $104,423 invested. Return on cash invested sits at 23.94% in year one, and rental yield is 9.25% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 124.99% and total cumulative return in cash sums $130,517. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,428/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48362, Lake Orion, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,310 (100%) |
| Owner Occupied HU | 5,082 (80.5%) |
| Renter Occupied HU | 898 (14.2%) |
| Vacant Housing Units | 330 ( 5.2%) |
| Median Home Value | $398,765 |
| Average Home Value | $436,394 |
Housing Distribution
Address Breakdown
Residential
6,267
Single Family
5,775
Multi-Family
492
Businesses
289
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Parker McInnis • Oak and Stone Real Estate
Mls Name: Realcomp II
Mls ID: #20251047811