271 Greenan LnLake 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 271 Greenan Ln, Lake Orion, MI, 48362 listed at $844,900 pairs $6,233/mo rent with a $4,135/mo payment to leave $662/mo cash flow. Total monthly income runs $6,233/mo, and annual cash flow reaches $7,940/yr on $277,972 cash to close. Return on cash invested measures 22.92% in year one, and rental yield registers 8.85% at a $844,900 basis. Equity gained on principal adds $5,452/yr, and annual property appreciation at 5% supports $233,430 by year five. Five-year ROI tracks 119.47% and total cumulative return in cash totals $332,104. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,233/mo property income relative to a $4,135/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
0.27 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: Barbara McClure • Berkshire Hathaway HomeServices Michigan Real Est
Mls Name: Realcomp II
Mls ID: #20261004159