19 Parakeet Hill Dr #180Lake OrionMI48359
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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 Lake Orion at 19 Parakeet Hill Dr #180, Lake Orion, MI, 48359 earns $113/mo cash flow from $792/mo rent with a $504/mo payment. Total monthly income totals $792/mo, and annual cash flow totals $1,357/yr on $34,111 capital. ROI tracks 23.89% on current figures, and rental yield reads 9.24% at a $102,900 purchase. Equity gained on principal adds $664/yr, and 5% annual appreciation supports $28,429 over five years. Five-year ROI reaches 124.86% and total cumulative return in cash sums $42,590. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $792/mo property income instead of your personal income.
Manufactured
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48359, Lake Orion, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,386 (100%) |
| Owner Occupied HU | 3,150 (71.8%) |
| Renter Occupied HU | 1,008 (23.0%) |
| Vacant Housing Units | 228 ( 5.2%) |
| Median Home Value | $381,662 |
| Average Home Value | $385,986 |
Housing Distribution
Address Breakdown
Residential
4,314
Single Family
4,114
Multi-Family
200
Businesses
319
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Listed by: Christine Ziejka • Sunrise Homes Co Inc
Mls Name: My State MLS
Mls ID: #11345207