403 Felch StLyonsMI48851
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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 Lyons at 403 Felch St, Lyons, MI, 48851 priced at $170,000 converts $1,406/mo rent into $285/mo cash flow after a $832/mo obligation. Total monthly income equals $1,406/mo, and annual cash flow totals $3,420/yr on $56,355 invested. Return on cash invested prints 25.98% in year one, and rental yield reads 9.92% against a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 135.89% and total cumulative return in cash sums $76,581. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,406/mo property income covering a $832/mo payment, not borrower’s personal income.
Manufactured
Built in 1998
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48851, Lyons, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 969 (100%) |
| Owner Occupied HU | 801 (82.7%) |
| Renter Occupied HU | 118 (12.2%) |
| Vacant Housing Units | 50 ( 5.2%) |
| Median Home Value | $196,071 |
| Average Home Value | $208,152 |
Housing Distribution
Address Breakdown
Residential
909
Single Family
909
Multi-Family
0
Businesses
13
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