61448 Dean DrSouth LyonMI48178
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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 South Lyon at 61448 Dean Dr, South Lyon, MI, 48178 generates $2,097/mo in rent, after a $1,933/mo payment. Total monthly income is $2,097/mo. Return on cash invested sits at 15.15% in year one, and rental yield is 6.37% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 77.88% and total cumulative return in cash sums $101,982. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,097/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
10,018 sqft lot
$N/A/sqft
$138 annually 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: Gary Reggish • Remerica United Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25019969
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.