111 E Potter AveLansingMI48910
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 111 E Potter Ave, Lansing, MI, 48910 priced at $125,000 converts $941/mo rent into $117/mo cash flow after a $612/mo obligation. Total monthly income equals $941/mo, and annual cash flow totals $1,398/yr on $41,438 invested. Return on cash invested prints 23.28% in year one, and rental yield reads 9.03% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 121.53% and total cumulative return in cash sums $50,357. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $941/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1944
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48910, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,169 (100%) |
| Owner Occupied HU | 8,914 (51.9%) |
| Renter Occupied HU | 6,788 (39.5%) |
| Vacant Housing Units | 1,467 ( 8.5%) |
| Median Home Value | $121,879 |
| Average Home Value | $154,977 |
Housing Distribution
Address Breakdown
Residential
16,469
Single Family
13,032
Multi-Family
3,437
Businesses
836
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices