110 Russell StLansingMI48906
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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 Lansing at 110 Russell St, Lansing, MI, 48906 offers $1,870/mo rent that, after a $624/mo payment, leaves $1,029/mo cash flow. Total monthly income is $1,870/mo, and annual cash flow is $12,351/yr on $42,266 cash. Return on cash invested measures 49.13% in year one, and rental yield stands at 17.6% at a $127,500 entry. Equity gained on principal adds $823/yr while 5% annual appreciation compounds into $35,226 by year five. Five-year ROI records 260.15% and total cumulative return in cash reaches $109,954. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,870/mo property income versus a $624/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1921
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48906, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,957 (100%) |
| Owner Occupied HU | 7,359 (61.5%) |
| Renter Occupied HU | 3,770 (31.5%) |
| Vacant Housing Units | 828 ( 6.9%) |
| Median Home Value | $161,192 |
| Average Home Value | $200,403 |
Housing Distribution
Address Breakdown
Residential
10,924
Single Family
9,787
Multi-Family
1,137
Businesses
869
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Listed by: Deanna Powers • Five Star Real Estate - Lansing
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #283517
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