3023 Maplewood CtLake OrionMI48360
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowHigh DSCR is a competitive advantage at closing. 3023 Maplewood Ct, Lake Orion, MI, 48360 in Lake Orion achieves 1.86, rent of $920/mo covers the $494/mo payment 1.5x over at $109,900. Rental yield 10.05%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $30,363 over five years, with $1,012/yr in principal reduction bringing total projected return to $12,496.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 7.5% |
| Monthly Cash Flow | $(505) | $350 |
City averages based on Lake Orion market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $920 |
| Total Monthly Debt Service | $1,381 |
| DSCR Ratio | 0.67x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1974
N/A lot
$N/A/sqft
$700 monthly HOA
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
Condo
Built in 1974
N/A lot
$N/A/sqft
$700 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lilian Hanna • Keller Williams First
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50168699
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