1013 W Shiawassee StLansingMI48915
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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
Investment property for sale in Lansing at 1013 W Shiawassee St, Lansing, MI, 48915 uses $48,366 cash to close to unlock $153/yr annual cash flow and $13/mo monthly cash flow. Total monthly income runs $1,148/mo, and a $714/mo payment keeps the spread at $13/mo. Purchase price stands at $145,900, and rental yield measures 9.44% with $1,148/mo rent. Return on cash invested shows 20.22% in year one, and 5% annual appreciation builds toward $40,309 over five years. Five-year ROI reaches 106.64% and total cumulative return in cash records $51,579. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,148/mo property income covering a $714/mo payment rather than investor’s personal income.
Multi Family
Built in 1890
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48915, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,459 (100%) |
| Owner Occupied HU | 2,378 (53.3%) |
| Renter Occupied HU | 1,600 (35.9%) |
| Vacant Housing Units | 481 (10.8%) |
| Median Home Value | $132,766 |
| Average Home Value | $165,350 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,824
Multi-Family
195
Businesses
100
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Listed by: Sandra Bailey-Bristol • Howard Hanna Real Estate Executives
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #286644
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS