338 Donovan St, South Lyon, MI, 48178 | $1,479/mo Cash Flow

Recently Sold

Fix & Flip

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in South Lyon at 338 Donovan St, South Lyon, MI, 48178 offers $2,180/mo rent that, after a $489/mo payment, leaves $1,479/mo cash flow. Total monthly income is $2,180/mo, and annual cash flow is $17,745/yr on $33,150 cash. Return on cash invested measures 73.44% in year one, and rental yield stands at 26.16% at a $100,000 entry. Equity gained on principal adds $645/yr while 5% annual appreciation compounds into $27,628 by year five. Five-year ROI records 391% and total cumulative return in cash reaches $129,616. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,180/mo property income versus a $489/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1930

0.53 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