770 Lakes Edge DrOxfordMI48371
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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
Investment property for sale in Oxford at 770 Lakes Edge Dr, Oxford, MI, 48371 uses $222,075 cash to close to unlock $6,762/yr annual cash flow and $564/mo monthly cash flow. Total monthly income runs $5,015/mo, and a $3,304/mo payment keeps the spread at $564/mo. Purchase price stands at $675,000, and rental yield measures 8.92% with $5,015/mo rent. Return on cash invested shows 23.11% in year one, and 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 120.49% and total cumulative return in cash records $267,579. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,015/mo property income covering a $3,304/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48371, Oxford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,091 (100%) |
| Owner Occupied HU | 8,375 (83.0%) |
| Renter Occupied HU | 1,402 (13.9%) |
| Vacant Housing Units | 314 ( 3.1%) |
| Median Home Value | $387,853 |
| Average Home Value | $429,399 |
Housing Distribution
Address Breakdown
Residential
9,948
Single Family
9,091
Multi-Family
857
Businesses
641
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