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Jenn Smart

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108 Princeton Dr , South Lyon, MI 48178
$129,000
Est. Payment: $672.24/mo
2 Bed
1 Bath
698 Sqft
Status: active | Days on site: 48
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Turn-Key Investor Opportunity: Renovated & Cash-Flowing in South Lyon! Instant Returns & Zero Vacancy Risk! Expand your rental portfolio with this beautifully updated, low-maintenance condo. Currently occupied by a reliable tenant paying $1,150/month on a lease through February 2027, this property delivers immediate cash flow from Day One with no marketing or leasing delays! Freshly Renovated & Turnkey: Modern Upgrades: Enjoy immediate peace of mind with brand-new paint throughout and plush new carpeting. Kitchen & Laundry: Features a brand-new dishwasher, along with a convenient in-unit washer and dryer. All appliances stay with the home! Value-Packed Association & Lifestyle Perks: Utilities Included: Water is fully covered under the HOA dues, minimizing tenant utility concerns and simplifying your overhead. Pet-Friendly: Highly desirable, pet-friendly community--a massive selling point that dramatically expands your future tenant pool! Low-Maintenance: Well-maintained community with reasonable HOA dues covering snow removal, exterior maintenance, trash, and water. Parking: Features a dedicated covered carport. Prime Location: Ideally situated on the edge of vibrant downtown South Lyon! Tenants will love being within walking distance to popular locally owned restaurants, coffee shops, breweries, boutiques, and the seasonal Farmers Market. Whether you are looking for a hassle-free, income-generating gem or your first rental property, this renovated condo is a rare find. Schedule your showing today

Highlights

Listed by Kamaraju Vadrevu , 248-910-2450 Internet Real Estate, Inc , 248-349-7676. MiRealSource, Inc. mls logo

Property Type

Condo/Townhome

HOA Fee

335 Monthly

Year Built

1974

County

Washtenaw

Area

Pittsfield Twp (81011)

School District

South Lyon Community Schools

Listing ID

61010492

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:1
  • Full Bathrooms:1
Above Ground Sq Ft:698
Other:
  • Additional:Cats Allowed, Dogs Allowed
Water:Public Water

Exterior Features

Parking Features:Carport,Detached Garage
Principal Interest
$672
Taxes
$192
HOA
$335

Home Price

$129,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$25,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$672.24

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $672.24 $191.67 $335.00 $1,198.90
Yearly $8,066.84 $2,300.00 $4,020.00 $14,386.84
Total $242,005.30 $69,000.00 $120,600.00 $431,605.30
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (South Lyon, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T03:11:55.100Z

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