1504 Forest Hills DrOkemosMI48864
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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 Okemos at 1504 Forest Hills Dr, Okemos, MI, 48864 generates $2,848/mo in rent and, after a $1,688/mo payment, leaves $574/mo in cash flow. Total monthly income is $2,848/mo, and annual cash flow is $6,884/yr on $114,334 invested. Return on cash invested sits at 25.93% in year one, and rental yield is 9.91% on a $344,900 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,290 over five years. Five-year ROI reaches 135.67% and total cumulative return in cash sums $155,121. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,848/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48864, Okemos, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,559 (100%) |
| Owner Occupied HU | 6,293 (65.8%) |
| Renter Occupied HU | 2,783 (29.1%) |
| Vacant Housing Units | 483 ( 5.1%) |
| Median Home Value | $358,401 |
| Average Home Value | $397,029 |
Housing Distribution
Address Breakdown
Residential
9,606
Single Family
8,361
Multi-Family
1,245
Businesses
850
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Listed by: Robert K Ellsworth • Coldwell Banker Professionals-E.L.
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #288242
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS