229 E Jackson 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
Investment property for sale in Lake Orion at 229 E Jackson St, Lake Orion, MI, 48362 listed at $164,000 pairs $1,309/mo rent with a $803/mo payment to leave $227/mo cash flow. Total monthly income runs $1,309/mo, and annual cash flow reaches $2,726/yr on $54,366 cash to close. Return on cash invested measures 24.92% in year one, and rental yield registers 9.58% at a $164,000 basis. Equity gained on principal adds $1,058/yr, and annual property appreciation at 5% supports $45,310 by year five. Five-year ROI tracks 130.33% and total cumulative return in cash totals $70,857. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,309/mo property income relative to a $803/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1890
0.31 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
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Listed by: Jason Megie • Preferred Realty Pros
Mls Name: Realcomp II
Mls ID: #20251056824