1170 Somers RdLyonsMI48851
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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 Lyons at 1170 Somers Rd, Lyons, MI, 48851 generates $2,168/mo in rent, after a $1,859/mo payment. Total monthly income is $2,168/mo. Return on cash invested sits at 16.7% in year one, and rental yield is 6.85% on a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 86.19% and total cumulative return in cash sums $108,545. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,168/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
7.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48851, Lyons, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 969 (100%) |
| Owner Occupied HU | 801 (82.7%) |
| Renter Occupied HU | 118 (12.2%) |
| Vacant Housing Units | 50 ( 5.2%) |
| Median Home Value | $196,071 |
| Average Home Value | $208,152 |
Housing Distribution
Address Breakdown
Residential
909
Single Family
909
Multi-Family
0
Businesses
13
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