The Oxford 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 Oxford Plan, The Heights at Elkow Farms, South Lyon, MI, 48178 listed at $582,990 pairs $6,334/mo rent with a $2,853/mo payment to leave $2,490/mo cash flow. Total monthly income runs $6,334/mo, and annual cash flow reaches $29,879/yr on $191,804 cash to close. Return on cash invested measures 35.64% in year one, and rental yield registers 13.04% at a $582,990 basis. Equity gained on principal adds $3,762/yr, and annual property appreciation at 5% supports $161,069 by year five. Five-year ROI tracks 187.69% and total cumulative return in cash totals $359,987. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,334/mo property income relative to a $2,853/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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