1109 S Genesee DrLansingMI48915
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 1109 S Genesee Dr, Lansing, MI, 48915 priced at $269,000 converts $2,026/mo rent into $201/mo cash flow after a $1,317/mo obligation. Total monthly income equals $2,026/mo, and annual cash flow totals $2,407/yr on $89,174 invested. Return on cash invested prints 22.61% in year one, and rental yield reads 9.04% against a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation compiles into $74,320 by year five. Five-year ROI reaches 118.11% and total cumulative return in cash sums $105,323. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,026/mo property income covering a $1,317/mo payment, not borrower’s personal income.
Single Family
Built in 1922
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48915, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,459 (100%) |
| Owner Occupied HU | 2,378 (53.3%) |
| Renter Occupied HU | 1,600 (35.9%) |
| Vacant Housing Units | 481 (10.8%) |
| Median Home Value | $132,766 |
| Average Home Value | $165,350 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,824
Multi-Family
195
Businesses
100
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