106 Phelps StLaingsburgMI48848
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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 Laingsburg at 106 Phelps St, Laingsburg, MI, 48848 uses $53,040 cash to close to unlock $1,836/yr annual cash flow and $153/mo monthly cash flow. Total monthly income runs $1,208/mo, and a $783/mo payment keeps the spread at $153/mo. Purchase price stands at $160,000, and rental yield measures 9.06% with $1,208/mo rent. Return on cash invested shows 23.37% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 121.9% and total cumulative return in cash records $64,658. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,208/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1930
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48848, Laingsburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,328 (100%) |
| Owner Occupied HU | 2,831 (85.1%) |
| Renter Occupied HU | 323 ( 9.7%) |
| Vacant Housing Units | 174 ( 5.2%) |
| Median Home Value | $301,497 |
| Average Home Value | $316,705 |
Housing Distribution
Address Breakdown
Residential
3,028
Single Family
3,000
Multi-Family
28
Businesses
106
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Listed by: Clayton Kilgallon • Home Towne Real Estate
Mls Name: Greater Lansing AOR
Mls ID: #292229