3360 Gingell DrLake OrionMI48359
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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 3360 Gingell Dr, Lake Orion, MI, 48359 uses $77,903 cash to close to unlock $5,514/yr annual cash flow and $460/mo monthly cash flow. Total monthly income runs $2,009/mo, and a $1,150/mo payment keeps the spread at $460/mo. Purchase price stands at $235,000, and rental yield measures 10.26% with $2,009/mo rent. Return on cash invested shows 26.99% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 141.34% and total cumulative return in cash records $110,104. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,009/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48359, Lake Orion, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,386 (100%) |
| Owner Occupied HU | 3,150 (71.8%) |
| Renter Occupied HU | 1,008 (23.0%) |
| Vacant Housing Units | 228 ( 5.2%) |
| Median Home Value | $381,662 |
| Average Home Value | $385,986 |
Housing Distribution
Address Breakdown
Residential
4,314
Single Family
4,114
Multi-Family
200
Businesses
319
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Listed by: Holly A Pifer • Oakland Corners Realty LLC
Mls Name: Realcomp II
Mls ID: #20251047475