65301 Omo RdLenoxMI48050
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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 Lenox at 65301 Omo Rd, Lenox, MI, 48050 generates $2,668/mo in rent and, after a $1,958/mo payment, leaves $30/mo in cash flow. Total monthly income is $2,668/mo, and annual cash flow is $360/yr on $132,600 invested. Return on cash invested sits at 20.18% in year one, and rental yield is 8% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 104.82% and total cumulative return in cash sums $138,988. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,668/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
10.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48050, New Haven, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 639 (100%) |
| Owner Occupied HU | 580 (90.8%) |
| Renter Occupied HU | 30 ( 4.7%) |
| Vacant Housing Units | 29 ( 4.5%) |
| Median Home Value | $364,602 |
| Average Home Value | $401,336 |
Housing Distribution
Address Breakdown
Residential
646
Single Family
646
Multi-Family
0
Businesses
23
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