1039 Morgan StLansingMI48912
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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 1039 Morgan St, Lansing, MI, 48912 uses $44,753 cash to close to unlock $11,226/yr annual cash flow and $936/mo monthly cash flow. Total monthly income runs $1,826/mo, and a $661/mo payment keeps the spread at $936/mo. Purchase price stands at $135,000, and rental yield measures 16.23% with $1,826/mo rent. Return on cash invested shows 44.99% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 237.95% and total cumulative return in cash records $106,489. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,826/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1928
4,356 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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