The Berkeley 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 Berkeley Plan, The Heights at Elkow Farms, South Lyon, MI, 48178 earns $3,691/mo cash flow from $7,680/mo rent with a $2,961/mo payment. Total monthly income totals $7,680/mo, and annual cash flow totals $44,286/yr on $199,042 capital. ROI tracks 42.31% on current figures, and rental yield reads 15.23% at a $604,990 purchase. Equity gained on principal adds $3,904/yr, and 5% annual appreciation supports $167,148 over five years. Five-year ROI reaches 223.48% and total cumulative return in cash sums $444,810. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,680/mo property income instead of your 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