422 Converse CtLake OrionMI48362
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
Investment Highlights
Investment property for sale in Lake Orion at 422 Converse Ct, Lake Orion, MI, 48362 at $360,000 posts ROI 24.87% with $493/mo cash flow from $2,897/mo rent. Total monthly income equals $2,897/mo, and annual cash flow records $5,916/yr on $119,340 to close. Return on cash invested measures 24.87% and rental yield reads 9.66% at the current $360,000. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,461 by year five. Five-year ROI prints 130.04% and total cumulative return in cash totals $155,193.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,897/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2002
6,969 sqft lot
$N/A/sqft
$360 annually 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: Kimberly A Bogdanski • Berkshire Hathaway HomeServices Kee Realty Roch
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50174832
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