957 Miller RdLake OrionMI48362
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 957 Miller Rd, Lake Orion, MI, 48362 in Lake Orion speaks for itself: 15.01% gross on a $150,000 price, generating $1,877/mo in rent and $888/mo in net income after the $674/mo debt service. DSCR 2.78, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $10,651 stacks alongside $41,442 in projected five-year appreciation and $1,382/yr in principal reduction. Projected total cumulative return: $114,308.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15% | 7.5% |
| Monthly Cash Flow | $888 | $350 |
City averages based on Lake Orion market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,877 |
| Total Monthly Debt Service | $929 |
| DSCR Ratio | 2.02x |
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 1960
0.28 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
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 1960
0.28 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Anne Kennedy • Selling Michigan Real Estate
Mls Name: Realcomp II
Mls ID: #20251034557