The Austin Plan, The Heights at Elkow FarmsSouth 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 The Austin Plan, The Heights at Elkow Farms, South Lyon, MI, 48178 uses $191,804 cash to close to unlock $41,999/yr annual cash flow and $3,500/mo monthly cash flow. Total monthly income runs $7,344/mo, and a $2,853/mo payment keeps the spread at $3,500/mo. Purchase price stands at $582,990, and rental yield measures 15.12% with $7,344/mo rent. Return on cash invested shows 41.96% in year one, and 5% annual appreciation builds toward $161,069 over five years. Five-year ROI reaches 221.56% and total cumulative return in cash records $424,967. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,344/mo property income covering a $2,853/mo payment rather than investor’s personal income.
Single Family
Built in 2024
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: N/A • Lombardo Homes Michigan
Mls Name: Lombardo Homes
Mls ID: #N/A