61117 Heritage BlvdSouth 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
Investment property for sale in South Lyon at 61117 Heritage Blvd, South Lyon, MI, 48178 uses $34,774 cash to close to unlock $1,496/yr annual cash flow and $125/mo monthly cash flow. Total monthly income runs $816/mo, and a $513/mo payment keeps the spread at $125/mo. Purchase price stands at $104,900, and rental yield measures 9.33% with $816/mo rent. Return on cash invested shows 24.21% in year one, and 5% annual appreciation builds toward $28,982 over five years. Five-year ROI reaches 126.49% and total cumulative return in cash records $43,986. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $816/mo property income covering a $513/mo payment rather than investor’s personal income.
Condo
Built in 1976
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Justine Anthony • The Charles Reinhart Company
Mls Name: MichRIC
Mls ID: #25053339