12190 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
Rental property for sale in Byron at 12190 Silver Lake Rd, Byron, MI, 48418 generates $2,203/mo in rent, after a $3,357/mo payment. Total monthly income is $2,203/mo. Return on cash invested sits at 7.72% in year one, and rental yield is 3.85% on a $685,800 entry. Equity gained on principal adds $4,425/yr, while 5% annual appreciation builds toward $189,474 over five years. Five-year ROI reaches 38.01% and total cumulative return in cash sums $85,761. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,203/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
15.30 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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