889 Cronkite DrLake OrionMI48362
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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 Lake Orion at 889 Cronkite Dr, Lake Orion, MI, 48362 with 5% annual appreciation on a $425,000 basis while $3,174/mo rent supports operations. Total monthly income totals $3,174/mo and a $2,080/mo payment preserves $372/mo for cash returns. Annual cash flow comes to $4,458/yr on $140,888 deployed, and return on cash invested reaches 23.07% in year one. Equity gained on principal adds $2,742/yr, and five-year appreciation sums $117,420 alongside rental yield of 8.96%. Five-year ROI measures 120.35% and total cumulative return in cash totals $169,553.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,174/mo property income versus a $2,080/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1999
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48362, Lake Orion, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,310 (100%) |
| Owner Occupied HU | 5,082 (80.5%) |
| Renter Occupied HU | 898 (14.2%) |
| Vacant Housing Units | 330 ( 5.2%) |
| Median Home Value | $398,765 |
| Average Home Value | $436,394 |
Housing Distribution
Address Breakdown
Residential
6,267
Single Family
5,775
Multi-Family
492
Businesses
289
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Listed by: Troy Cordes • Realty Executives Main St LLC
Mls Name: Realcomp II
Mls ID: #20251027685