34 N Andrews StLake 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 34 N Andrews St, Lake Orion, MI, 48362 uses $130,943 cash to close to unlock $10,230/yr annual cash flow and $853/mo monthly cash flow. Total monthly income runs $3,457/mo, and a $1,933/mo payment keeps the spread at $853/mo. Purchase price stands at $395,000, and rental yield measures 10.5% with $3,457/mo rent. Return on cash invested shows 27.72% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 145.28% and total cumulative return in cash records $190,230. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,457/mo property income covering a $1,933/mo payment rather than investor’s personal income.
Single Family
Built in 2001
7,405 sqft 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: Holly A Pifer • Oakland Corners Realty LLC
Mls Name: Realcomp II
Mls ID: #20251038780