249 Brookwood 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
Rental property for sale in South Lyon at 249 Brookwood Dr, South Lyon, MI, 48178 priced at $185,000 converts $1,219/mo rent into after a $905/mo obligation. Total monthly income equals $1,219/mo. Return on cash invested prints 15.69% in year one, and rental yield reads 7.91% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 82.34% and total cumulative return in cash sums $50,499. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,219/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1995
N/A lot
$N/A/sqft
$215 monthly 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: Jonathan Minerick • HomeCoin.com
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50172331
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