758 Lake Forest RdRochester HillsMI48309
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
Rental property for sale in Rochester Hills at 758 Lake Forest Rd, Rochester Hills, MI, 48309 priced at $484,000 converts $3,475/mo rent into $283/mo cash flow after a $2,369/mo obligation. Total monthly income equals $3,475/mo, and annual cash flow totals $3,398/yr on $160,446 invested. Return on cash invested prints 22.03% in year one, and rental yield reads 8.62% against a $484,000 entry. Equity gained on principal adds $3,123/yr, while 5% annual appreciation compiles into $133,720 by year five. Five-year ROI reaches 114.76% and total cumulative return in cash sums $184,128. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,475/mo property income covering a $2,369/mo payment, not borrower’s personal income.
Single Family
Built in 1968
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48309, Rochester, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,743 (100%) |
| Owner Occupied HU | 9,849 (77.3%) |
| Renter Occupied HU | 2,249 (17.6%) |
| Vacant Housing Units | 645 ( 5.1%) |
| Median Home Value | $410,251 |
| Average Home Value | $454,906 |
Housing Distribution
Address Breakdown
Residential
12,113
Single Family
11,118
Multi-Family
995
Businesses
834
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Listed by: Dana Shook • HomePointe Realty LLC
Mls Name: Realcomp II
Mls ID: #20251054337