The Hampton 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
Rental property for sale in South Lyon at The Hampton Plan, The Heights at Elkow Farms, South Lyon, MI, 48178 priced at $620,990 pairs $8,467/mo rent with $4,372/mo cash flow after a $3,039/mo payment. Total monthly income equals $8,467/mo, and annual cash flow comes to $52,468/yr on $204,306 invested. Return on cash invested is 45.74% in year one, and rental yield stands at 16.36% on a $620,990 basis. Equity gained on principal adds $4,007/yr, and 5% annual appreciation accumulates to $171,568 by year five. Five-year ROI measures 241.88% and total cumulative return in cash reaches $494,174. For financing, Ziffy Mortgage’s DSCR program evaluates $8,467/mo property income against a $3,039/mo payment instead of your W2s, 1099s, or Tax returns.
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