970 Golfview 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
Rental property for sale in Lake Orion at 970 Golfview Dr, Lake Orion, MI, 48362 generates $2,762/mo in rent and, after a $1,647/mo payment, leaves $539/mo in cash flow. Total monthly income is $2,762/mo, and annual cash flow is $6,465/yr on $111,583 invested. Return on cash invested sits at 25.7% in year one, and rental yield is 9.85% on a $336,600 entry. Equity gained on principal adds $2,172/yr, while 5% annual appreciation builds toward $92,996 over five years. Five-year ROI reaches 134.46% and total cumulative return in cash sums $150,031. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,762/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
10,018 sqft lot
$N/A/sqft
$4 monthly 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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