489 N Washington StLake 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 489 N Washington St, Lake Orion, MI, 48362 at $515,900 posts ROI 23.87% with $539/mo cash flow from $3,941/mo rent. Total monthly income equals $3,941/mo, and annual cash flow records $6,468/yr on $169,731 to close. Return on cash invested measures 23.87% and rental yield reads 9.17% at the current $515,900. Equity gained on principal adds $3,329/yr, and 5% annual appreciation supports $142,534 by year five. Five-year ROI prints 124.58% and total cumulative return in cash totals $211,448.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,941/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2001
0.25 Acres 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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Nearby investment properties with comparable prices
Listed by: Hana Bojaj • Remirus
Mls Name: Realcomp II
Mls ID: #20251058024