38 Janes LndgSouth 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 38 Janes Lndg, South Lyon, MI, 48178 priced at $569,900 converts $3,660/mo rent into after a $2,789/mo obligation. Total monthly income equals $3,660/mo. Return on cash invested prints 19.27% in year one, and rental yield reads 7.71% against a $569,900 entry. Equity gained on principal adds $3,677/yr, while 5% annual appreciation compiles into $157,453 by year five. Five-year ROI reaches 100.02% and total cumulative return in cash sums $187,530. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,660/mo property income covering a $2,789/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.51 Acres lot
$N/A/sqft
$300 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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Listed by: Rob Moen • Keller Williams First
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50119270
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