216 E Flint StLake OrionMI48362
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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 Lake Orion at 216 E Flint St, Lake Orion, MI, 48362 priced at $299,900 converts $2,411/mo rent into $433/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,411/mo, and annual cash flow totals $5,198/yr on $99,417 invested. Return on cash invested prints 25.14% in year one, and rental yield reads 9.65% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 131.45% and total cumulative return in cash sums $130,684. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,411/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1929
6,534 sqft 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
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Listed by: Jennifer Santamour • Santamour Real Estate LLC
Mls Name: Realcomp II
Mls ID: #20251026339