2520 Lake George RdOaklandMI48363
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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 Oakland at 2520 Lake George Rd, Oakland, MI, 48363 generates $6,448/mo in rent and, after a $2,677/mo payment, leaves $2,841/mo in cash flow. Total monthly income is $6,448/mo, and annual cash flow is $34,093/yr on $179,963 invested. Return on cash invested sits at 39% in year one, and rental yield is 14.15% on a $547,000 entry. Equity gained on principal adds $3,530/yr, while 5% annual appreciation builds toward $151,126 over five years. Five-year ROI reaches 205.76% and total cumulative return in cash sums $370,300. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,448/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
7.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48363, Oakland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,675 (100%) |
| Owner Occupied HU | 2,551 (95.4%) |
| Renter Occupied HU | 86 ( 3.2%) |
| Vacant Housing Units | 38 ( 1.4%) |
| Median Home Value | $576,031 |
| Average Home Value | $594,939 |
Housing Distribution
Address Breakdown
Residential
2,650
Single Family
2,298
Multi-Family
352
Businesses
15
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