744 Lockmoore CtRochester HillsMI48307
INVESTMENT ANALYSIS
Investment Verdict
Solid Income744 Lockmoore Ct, Rochester Hills, MI, 48307 in Rochester Hills is a solid income-producing rental, 8.92% gross yield, $3,791/mo rent, $421/mo net cash flow on a $509,900 buy. DSCR 1.65 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $140,876 and $4,696/yr in principal reduction project a total cumulative return of $221,366.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.0% |
| Monthly Cash Flow | $421 | $800 |
City averages based on Rochester Hills market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,791 |
| Total Monthly Debt Service | $3,167 |
| DSCR Ratio | 1.20x |
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.
Single Family
Built in 1983
0.32 Acres lot
$N/A/sqft
$90 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
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
Single Family
Built in 1983
0.32 Acres lot
$N/A/sqft
$90 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jyothi Joseph • Keller Williams Somerset
Mls Name: MichRIC
Mls Provider:
Mls ID: #25021229
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.