860 Eagle Heights 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 860 Eagle Heights Dr, South Lyon, MI, 48178 uses $129,252 cash to close to unlock $3,290/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $2,845/mo, and a $1,908/mo payment keeps the spread at $274/mo. Purchase price stands at $389,900, and rental yield measures 8.76% with $2,845/mo rent. Return on cash invested shows 22.45% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 117.06% and total cumulative return in cash records $151,297. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,845/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.28 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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Listed by: Aggie R Fisk • Paradise Realty II LLC
Mls Name: Realcomp II
Mls ID: #20261003518