2855 Glenwood CtOrionMI48360
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Orion at 2855 Glenwood Ct, Orion, MI, 48360 priced at $149,900 converts $2,461/mo rent into $1,072/mo cash flow after a $734/mo obligation. Total monthly income equals $2,461/mo, and annual cash flow totals $12,866/yr on $49,692 invested. Return on cash invested prints 45.8% in year one, and rental yield reads 19.7% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 245.81% and total cumulative return in cash sums $122,147. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,461/mo property income covering a $734/mo payment, not borrower’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$400 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Sarah Jones • Max Broock Realtors Oxford
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240066454
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-09-14 22:34:36 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702