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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in South Lyon, MI
Currently Rented
Motivated Seller
$ 164,000
ROI
30.5
Cash Flow/m
489- 2 Bed
- 2 Bath
- 1700 sft
12440 Cambridge Blvd Unit 4, South Lyon, MI, 48178
Motivated Seller
$ 229,000
ROI
26.9Cash Flow/m
458- 2 Bed
- 2 Bath
- 1960 sft
9840 Cambridge Ct #4, South Lyon, MI, 48178
$ 224,900
ROI
23.1Cash Flow/m
209- 2 Bed
- 2 Bath
- 1141 sft
61165 Greenwood Dr, South Lyon, MI, 48178
$ 449,900
ROI
26.7Cash Flow/m
872- 2 Bed
- 3 Bath
- 2644 sft
1086 Paddock Dr, South Lyon, MI, 48178
Why Invest in South Lyon, Michigan?
Investing in condos in South Lyon, MI offers a balanced opportunity for real estate investors seeking suburban growth combined with strong rental demand. The local condo market shows an average ROI of 7%, supported by a rental yield of 6%. With cap rates near 5.5% and average cash flow positive opportunities, this location appeals to those targeting stable appreciations and renter-occupied units exceeding 60%. Economic and demographic trends position South Lyon as a promising area for condo investments with increasing rental demand and solid income metrics.
7%
Avg. ROI
6%
Rental Yield
5.5%
Cap Rate
$800/mo
Avg. Cash Flow
$1300/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in South Lyon is about 6%, reflecting steady rental demand in the area.
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