1007 N Foster AveLansingMI48912
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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
Rental property for sale in Lansing at 1007 N Foster Ave, Lansing, MI, 48912 generates $2,247/mo in rent and, after a $974/mo payment, leaves $935/mo in cash flow. Total monthly income is $2,247/mo, and annual cash flow is $11,216/yr on $65,969 invested. Return on cash invested sits at 36.91% in year one, and rental yield is 13.55% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 194.56% and total cumulative return in cash sums $128,346. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,247/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48912, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,208 (100%) |
| Owner Occupied HU | 3,846 (41.8%) |
| Renter Occupied HU | 4,595 (49.9%) |
| Vacant Housing Units | 767 ( 8.3%) |
| Median Home Value | $165,968 |
| Average Home Value | $195,356 |
Housing Distribution
Address Breakdown
Residential
9,234
Single Family
6,927
Multi-Family
2,307
Businesses
914
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