62512 Raleigh Ct UNIT 4South 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 62512 Raleigh Ct UNIT 4, South Lyon, MI, 48178 offers a 9.58% rental yield on a $154,900 purchase with $1,237/mo rent. Total monthly income registers $1,237/mo, and a $758/mo payment leaves $216/mo available for distribution. Annual cash flow reaches $2,588/yr on $51,349 to close, and return on cash invested stands at 24.95% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,796 over five years. Portfolio math shows five-year ROI at 130.39% and total cumulative return in cash at $66,956. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,237/mo property income against a $758/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
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: Vivian Bargone • 3DX Real Estate LLC
Mls Name: Realcomp II
Mls ID: #20251048741