551 Joslyn RdLake 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
Rental property for sale in Lake Orion at 551 Joslyn Rd, Lake Orion, MI, 48362 generates $2,872/mo in rent, after a $2,863/mo payment. Total monthly income is $2,872/mo. Return on cash invested sits at 13.92% in year one, and rental yield is 5.89% on a $585,000 entry. Equity gained on principal adds $3,775/yr, while 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 71.22% and total cumulative return in cash sums $137,070. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,872/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
1.68 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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Listed by: Anita M Beaman • @properties Christie's Int'l R E Rochester
Mls Name: Realcomp II
Mls ID: #20251050144