2931 Seymour Lake Rd UNIT 2OxfordMI48371
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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 Oxford at 2931 Seymour Lake Rd UNIT 2, Oxford, MI, 48371 earns from $1,077/mo rent with a $660/mo payment. Total monthly income totals $1,077/mo. ROI tracks 17.65% on current figures, and rental yield reads 9.58% at a $134,900 purchase. Equity gained on principal adds $870/yr, and 5% annual appreciation supports $37,270 over five years. Five-year ROI reaches 93.93% and total cumulative return in cash sums $42,005. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,077/mo property income instead of your personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
$272 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48371, Oxford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,091 (100%) |
| Owner Occupied HU | 8,375 (83.0%) |
| Renter Occupied HU | 1,402 (13.9%) |
| Vacant Housing Units | 314 ( 3.1%) |
| Median Home Value | $387,853 |
| Average Home Value | $429,399 |
Housing Distribution
Address Breakdown
Residential
9,948
Single Family
9,091
Multi-Family
857
Businesses
641
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Listed by: Jeffrey McDowell • Worldwide Realty & Investment
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50187598
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