9508 E Lytle RdLennonMI48449
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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
Rental property for sale in Lennon at 9508 E Lytle Rd, Lennon, MI, 48449 generates $1,723/mo in rent and, after a $1,052/mo payment, leaves $306/mo in cash flow. Total monthly income is $1,723/mo, and annual cash flow is $3,668/yr on $71,239 invested. Return on cash invested sits at 25.06% in year one, and rental yield is 9.62% on a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 130.99% and total cumulative return in cash sums $93,318. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,723/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48449, Lennon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,746 (100%) |
| Owner Occupied HU | 1,071 (61.3%) |
| Renter Occupied HU | 151 ( 8.6%) |
| Vacant Housing Units | 524 (30.0%) |
| Median Home Value | $223,363 |
| Average Home Value | $253,807 |
Housing Distribution
Address Breakdown
Residential
1,182
Single Family
1,000
Multi-Family
182
Businesses
52
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