23982 Ardmore BlvdSouth LyonMI48178
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 South Lyon at 23982 Ardmore Blvd, South Lyon, MI, 48178 generates $4,564/mo in rent, after a $3,475/mo payment. Total monthly income is $4,564/mo. Return on cash invested sits at 18.94% in year one, and rental yield is 7.71% on a $710,000 entry. Equity gained on principal adds $4,582/yr, while 5% annual appreciation builds toward $196,160 over five years. Five-year ROI reaches 98.33% and total cumulative return in cash sums $229,679. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,564/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
0.35 Acres lot
$N/A/sqft
$1,200 annually 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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Nearby investment properties with comparable prices
Listed by: Kara Gelven • Peninsula Properties Realty
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1935614
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.