South Lyon, MI Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in South Lyon, MI. Based on 10+ datapoints.
South Lyon, MI Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
3.5%
Avg Cash on Cash
-13.2%
Median Cashflow
-$1,051/mo
Avg Rent Estimate
$2,774/mo
Avg Price
$514,600
Price Range
$296,000 - $700,000
Rent to Price
0.54%
low ratio
Positive Cashflow
0%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in South Lyon, MI
South Lyon, MI is primarily an appreciation-driven market for long-term rental investors. Cap rates average 3.5%, typical of mid-to-upper tier markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 10+ analyzed properties, the median monthly cashflow in South Lyon, MI is -$1,051 with average rents of $2,774/month. Properties range from $296,000 to $700,000, offering entry points across multiple investment budgets.
10137 Devonshire Dr, South Lyon, MI 48178
Price
$575,000
Rent
$3,556
CachFlow
-$1,046
CoC
-10.4
12789 Twelve Mile Rd, South Lyon, MI 48178
Price
$575,000
Rent
$2,274
CachFlow
-$1,828
CoC
-18.17
61328 Saddle Creek Dr, South Lyon, MI 48178
Price
$633,700
Rent
$2,961
CachFlow
-$1,921
CoC
-17.32
South Lyon, MI Rental Market Insights
- •Median cashflow is -$1,051/month — careful deal selection is essential here
- •3.5% median cap rate is typical of appreciation-focused markets
- •At 0% positive cashflow rate, South Lyon, MI requires selective property picks
- •Mid-to-upper tier market with properties from $296,000 to $700,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs