442 Princeton DrSouth LyonMI48178
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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 442 Princeton Dr, South Lyon, MI, 48178 priced at $447,000 converts $3,308/mo rent into $360/mo cash flow after a $2,188/mo obligation. Total monthly income equals $3,308/mo, and annual cash flow totals $4,321/yr on $148,181 invested. Return on cash invested prints 22.83% in year one, and rental yield reads 8.88% against a $447,000 entry. Equity gained on principal adds $2,884/yr, while 5% annual appreciation compiles into $123,498 by year five. Five-year ROI reaches 119.04% and total cumulative return in cash sums $176,400. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,308/mo property income covering a $2,188/mo payment, not borrower’s personal income.
Single Family
Built in 2009
10,018 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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Listed by: Lawrence Gillikin • Brookstone, Realtors LLC
Mls Name: Realcomp II
Mls ID: #20261000564