61021 Heritage #4South LyonMI48178
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 61021 Heritage #4, South Lyon, MI, 48178 in South Lyon hard to pass up. The 24.63% gross yield on a $120,800 purchase results in $2,479/mo in rent and $1,153/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (4.57). Annual cash flow of $13,831, five-year appreciation of $33,375, and $1,113/yr in equity build-up combine for a projected total cumulative return of $122,528.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 24.6% | 7.0% |
| Monthly Cash Flow | $1,153 | $850 |
City averages based on South Lyon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,479 |
| Total Monthly Debt Service | $1,279 |
| DSCR Ratio | 1.94x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1977
N/A lot
$N/A/sqft
$530 monthly 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
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
Townhouse
Built in 1977
N/A lot
$N/A/sqft
$530 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices