404 Stryker StSouth 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 404 Stryker St, South Lyon, MI, 48178 priced at $650,000 pairs $4,331/mo rent with $45/mo cash flow after a $3,181/mo payment. Total monthly income equals $4,331/mo, and annual cash flow comes to $540/yr on $213,850 invested. Return on cash invested is 20.31% in year one, and rental yield stands at 8% on a $650,000 basis. Equity gained on principal adds $4,194/yr, and 5% annual appreciation accumulates to $179,583 by year five. Five-year ROI measures 105.5% and total cumulative return in cash reaches $225,614. For financing, Ziffy Mortgage’s DSCR program evaluates $4,331/mo property income against a $3,181/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
8,712 sqft 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 |
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: Kiara Nelson • Keller Williams Ann Arbor Mrkt
Mls Name: MichRIC
Mls ID: #25055590