1075 Applegate LnEast LansingMI48823
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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 East Lansing at 1075 Applegate Ln, East Lansing, MI, 48823 offers $5,840/mo rent that, after a $2,631/mo payment, leaves $2,119/mo cash flow. Total monthly income is $5,840/mo, and annual cash flow is $25,433/yr on $176,838 cash. Return on cash invested measures 34.44% in year one, and rental yield stands at 13.04% at a $537,500 entry. Equity gained on principal adds $3,468/yr while 5% annual appreciation compounds into $148,501 by year five. Five-year ROI records 181.72% and total cumulative return in cash reaches $321,357. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,840/mo property income versus a $2,631/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.32 Acres lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48823, East Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,865 (100%) |
| Owner Occupied HU | 10,317 (39.9%) |
| Renter Occupied HU | 13,227 (51.1%) |
| Vacant Housing Units | 2,321 ( 9.0%) |
| Median Home Value | $296,966 |
| Average Home Value | $329,463 |
Housing Distribution
Address Breakdown
Residential
23,522
Single Family
14,377
Multi-Family
9,145
Businesses
1,219
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Listed by: Lynne VanDeventer • Coldwell Banker Realty-Okemos
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #281959
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 2023 Greater Lansing Association of REALTORS