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
3.4%
Avg Cash on Cash
-14.2%
Median Cashflow
-$1,057/mo
Avg Rent Estimate
$2,750/mo
Avg Price
$502,514
Price Range
$296,000 - $700,000
Rent to Price
0.55%
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 3.4%, 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 -$1,057 with average rents of $2,750/month. Properties range from $296,000 to $700,000, offering entry points across multiple investment budgets.
29128 Myles Andrew Dr, South Lyon, MI 48178
Price
$589,990
Rent
$3,345
CachFlow
-$1,835
CoC
-17.77
26631 Triple Crown Ct, South Lyon, MI 48178
Price
$597,990
Rent
$3,345
CachFlow
-$1,887
CoC
-18.03
10137 Devonshire Dr, South Lyon, MI 48178
Price
$575,000
Rent
$3,556
CachFlow
-$1,046
CoC
-10.4
South Lyon, MI Rental Market Insights
- •Median cashflow is -$1,057/month — careful deal selection is essential here
- •3.4% 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