1043 Kimberly Dr APT 10LansingMI48912
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lansing at 1043 Kimberly Dr APT 10, Lansing, MI, 48912 generates $888/mo in rent, after a $573/mo payment. Total monthly income is $888/mo. Return on cash invested sits at 7.26% in year one, and rental yield is 9.11% on a $117,000 entry. Equity gained on principal adds $755/yr, while 5% annual appreciation builds toward $32,325 over five years. Five-year ROI reaches 41.55% and total cumulative return in cash sums $16,117. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $888/mo property income rather than buyer’s personal income.
Condo
Built in 1961
871.20 sqft lot
$N/A/sqft
$525 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sydney Allen • Home Towne Real Estate
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #290173
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