22185 Quail Run Cir UNIT 3South 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 22185 Quail Run Cir UNIT 3, South Lyon, MI, 48178 earns $185/mo cash flow from $2,328/mo rent with a $1,591/mo payment. Total monthly income totals $2,328/mo, and annual cash flow totals $2,214/yr on $107,738 capital. ROI tracks 21.96% on current figures, and rental yield reads 8.6% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 114.4% and total cumulative return in cash sums $123,253. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,328/mo property income instead of your personal income.
Condo
Built in 1996
N/A 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: Julie A Moraitis • EXP Realty
Mls Name: Realcomp II
Mls ID: #20251033972