392 Franklin Wright BlvdLake 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 392 Franklin Wright Blvd, Lake Orion, MI, 48362 offers a 8.63% rental yield on a $469,900 purchase with $3,379/mo rent. Total monthly income registers $3,379/mo, and a $2,300/mo payment leaves $280/mo available for distribution. Annual cash flow reaches $3,362/yr on $155,772 to close, and return on cash invested stands at 22.07% in year one. Equity gained on principal adds $3,032/yr while 5% annual appreciation supports $129,825 over five years. Portfolio math shows five-year ROI at 114.96% and total cumulative return in cash at $179,078. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,379/mo property income against a $2,300/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
6,534 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: Jim Derkacz • Realty Executives Stoney Creek
Mls Name: Realcomp II
Mls ID: #20251035738