650 Lexington DrRochester HillsMI48307
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 Rochester Hills at 650 Lexington Dr, Rochester Hills, MI, 48307 at $490,000 posts ROI 20.56% with $88/mo cash flow from $3,331/mo rent. Total monthly income equals $3,331/mo, and annual cash flow records $1,056/yr on $162,435 to close. Return on cash invested measures 20.56% and rental yield reads 8.16% at the current $490,000. Equity gained on principal adds $3,162/yr, and 5% annual appreciation supports $135,378 by year five. Five-year ROI prints 106.88% and total cumulative return in cash totals $173,604.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,331/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1990
8,276 sqft lot
$N/A/sqft
$144 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48307, Rochester, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,309 (100%) |
| Owner Occupied HU | 12,822 (63.1%) |
| Renter Occupied HU | 6,392 (31.5%) |
| Vacant Housing Units | 1,095 ( 5.4%) |
| Median Home Value | $391,661 |
| Average Home Value | $417,682 |
Housing Distribution
Address Breakdown
Residential
19,347
Single Family
16,548
Multi-Family
2,799
Businesses
1,720
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Listed by: Michael Benham • Keller Williams Realty Lakeside
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50178973
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