1015 S Lansing StMount PleasantMI48858
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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 Mount Pleasant at 1015 S Lansing St, Mount Pleasant, MI, 48858 generates $1,196/mo in rent and, after a $685/mo payment, leaves $273/mo in cash flow. Total monthly income is $1,196/mo, and annual cash flow is $3,278/yr on $46,377 invested. Return on cash invested sits at 26.98% in year one, and rental yield is 10.26% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 141.36% and total cumulative return in cash sums $65,559. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,196/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48858, Mount Pleasant, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,876 (100%) |
| Owner Occupied HU | 9,481 (47.7%) |
| Renter Occupied HU | 8,386 (42.2%) |
| Vacant Housing Units | 2,009 (10.1%) |
| Median Home Value | $184,339 |
| Average Home Value | $222,061 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
16,469
Multi-Family
2,530
Businesses
1,375
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Listed by: Keith Cotter • DOUGLAS DAY PROPERTY GROUP
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1923406
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.