4759 Glenora DrLake OrionMI48359
INVESTMENT ANALYSIS
Investment Verdict
Solid Income4759 Glenora Dr, Lake Orion, MI, 48359 in Lake Orion is a solid income-producing rental, 9.19% gross yield, $3,332/mo rent, $464/mo net cash flow on a $434,900 buy. DSCR 1.70 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $120,155 and $4,005/yr in principal reduction project a total cumulative return of $195,526.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.5% |
| Monthly Cash Flow | $464 | $350 |
City averages based on Lake Orion market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,332 |
| Total Monthly Debt Service | $2,695 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 2021
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
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 2021
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matthew Tenfelde • Century 21 Affiliated
Mls Name: Greater Lansing AOR
Mls ID: #292215