705 E Lake StSouth 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 705 E Lake St, South Lyon, MI, 48178 earns $109/mo cash flow from $1,975/mo rent with a $1,346/mo payment. Total monthly income totals $1,975/mo, and annual cash flow totals $1,311/yr on $91,163 capital. ROI tracks 21.35% on current figures, and rental yield reads 8.62% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 111.37% and total cumulative return in cash sums $101,531. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,975/mo property income instead of your personal income.
Single Family
Built in 1920
0.42 Acres 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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Nearby investment properties with comparable prices
Listed by: Aleksandr Milshteyn • Real Estate One Inc
Mls Name: MichRIC
Mls Provider:
Mls ID: #25031176
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.