8042 Drake StOrleansMI48865
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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 Orleans at 8042 Drake St, Orleans, MI, 48865 listed at $199,900 pairs $1,568/mo rent with a $978/mo payment to leave $250/mo cash flow. Total monthly income runs $1,568/mo, and annual cash flow reaches $3,002/yr on $66,267 cash to close. Return on cash invested measures 24.44% in year one, and rental yield registers 9.41% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 127.72% and total cumulative return in cash totals $84,637. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,568/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48865, Orleans, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 693 (100%) |
| Owner Occupied HU | 502 (72.4%) |
| Renter Occupied HU | 96 (13.9%) |
| Vacant Housing Units | 95 (13.7%) |
| Median Home Value | $190,323 |
| Average Home Value | $268,172 |
Housing Distribution
Address Breakdown
Residential
706
Single Family
706
Multi-Family
0
Businesses
22
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