1189 Colt DrSouth LyonMI48178
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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 South Lyon at 1189 Colt Dr, South Lyon, MI, 48178 listed at $474,900 pairs $4,048/mo rent with a $2,324/mo payment to leave $917/mo cash flow. Total monthly income runs $4,048/mo, and annual cash flow reaches $11,000/yr on $157,429 cash to close. Return on cash invested measures 26.9% in year one, and rental yield registers 10.23% at a $474,900 basis. Equity gained on principal adds $3,064/yr, and annual property appreciation at 5% supports $131,206 by year five. Five-year ROI tracks 140.84% and total cumulative return in cash totals $221,723. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,048/mo property income relative to a $2,324/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48178, South Lyon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,935 (100%) |
| Owner Occupied HU | 12,984 (86.9%) |
| Renter Occupied HU | 1,470 ( 9.8%) |
| Vacant Housing Units | 481 ( 3.2%) |
| Median Home Value | $415,202 |
| Average Home Value | $441,574 |
Housing Distribution
Address Breakdown
Residential
15,206
Single Family
14,806
Multi-Family
400
Businesses
662
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Listed by: Abraham Ayoub • Mayfair Real Estate Group
Mls Name: Realcomp II
Mls ID: #20251046403