1015 Parkdale AveLansingMI48910
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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 1015 Parkdale Ave, Lansing, MI, 48910 uses $41,769 cash to close to unlock $6,310/yr annual cash flow and $526/mo monthly cash flow. Total monthly income runs $1,357/mo, and a $617/mo payment keeps the spread at $526/mo. Purchase price stands at $126,000, and rental yield measures 12.92% with $1,357/mo rent. Return on cash invested shows 35.01% in year one, and 5% annual appreciation builds toward $34,811 over five years. Five-year ROI reaches 184.4% and total cumulative return in cash records $77,023. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,357/mo property income covering a $617/mo payment rather than investor’s personal income.
Single Family
Built in 1951
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48910, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,169 (100%) |
| Owner Occupied HU | 8,914 (51.9%) |
| Renter Occupied HU | 6,788 (39.5%) |
| Vacant Housing Units | 1,467 ( 8.5%) |
| Median Home Value | $121,879 |
| Average Home Value | $154,977 |
Housing Distribution
Address Breakdown
Residential
16,469
Single Family
13,032
Multi-Family
3,437
Businesses
836
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Listed by: Gary R. Newton • RE/MAX Real Estate Professionals
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #282995
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