61958 Ticonderoga 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
Investment property for sale in South Lyon at 61958 Ticonderoga Dr, South Lyon, MI, 48178 earns $214/mo cash flow from $1,296/mo rent with a $803/mo payment. Total monthly income totals $1,296/mo, and annual cash flow totals $2,570/yr on $54,366 capital. ROI tracks 24.64% on current figures, and rental yield reads 9.48% at a $164,000 purchase. Equity gained on principal adds $1,058/yr, and 5% annual appreciation supports $45,310 over five years. Five-year ROI reaches 128.79% and total cumulative return in cash sums $70,017. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,296/mo property income instead of your personal income.
Condo
Built in 1987
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
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Listed by: Cheryl R McKinnon • Century 21 Curran & Oberski
Mls Name: Realcomp II
Mls ID: #20251043965