1017 W Barnes 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 1017 W Barnes Ave, Lansing, MI, 48910 earns $783/mo cash flow from $1,541/mo rent with a $563/mo payment. Total monthly income totals $1,541/mo, and annual cash flow totals $9,390/yr on $38,123 capital. ROI tracks 44.54% on current figures, and rental yield reads 16.08% at a $115,000 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 over five years. Five-year ROI reaches 235.54% and total cumulative return in cash sums $89,793. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,541/mo property income instead of your personal income.
Single Family
Built in 1923
4,356 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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