11240 Silver Lake RdByronMI48418
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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 Byron at 11240 Silver Lake Rd, Byron, MI, 48418 listed at $350,000 pairs $2,244/mo rent with a $1,713/mo payment. Total monthly income runs $2,244/mo. Return on cash invested measures 19.25% in year one, and rental yield registers 7.69% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 99.82% and total cumulative return in cash totals $115,814. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,244/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1909
1.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48418, Byron, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,736 (100%) |
| Owner Occupied HU | 1,543 (88.9%) |
| Renter Occupied HU | 88 ( 5.1%) |
| Vacant Housing Units | 105 ( 6.0%) |
| Median Home Value | $272,447 |
| Average Home Value | $324,930 |
Housing Distribution
Address Breakdown
Residential
1,632
Single Family
1,632
Multi-Family
0
Businesses
51
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