7289 Lovejoy RdByronMI48418
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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 Byron at 7289 Lovejoy Rd, Byron, MI, 48418 earns $256/mo cash flow from $2,498/mo rent with a $1,664/mo payment. Total monthly income totals $2,498/mo, and annual cash flow totals $3,074/yr on $112,677 capital. ROI tracks 22.64% on current figures, and rental yield reads 8.82% at a $339,900 purchase. Equity gained on principal adds $2,193/yr, and 5% annual appreciation supports $93,908 over five years. Five-year ROI reaches 118.04% and total cumulative return in cash sums $133,007. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,498/mo property income instead of your personal income.
Single Family
Built in 2000
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48418, Byron, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,736 (100%) |
| Owner Occupied HU | 1,543 (88.9%) |
| Renter Occupied HU | 88 ( 5.1%) |
| Vacant Housing Units | 105 ( 6.0%) |
| Median Home Value | $272,447 |
| Average Home Value | $324,930 |
Housing Distribution
Address Breakdown
Residential
1,632
Single Family
1,632
Multi-Family
0
Businesses
51
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