113 W Gier 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
Investment property for sale in Lansing at 113 W Gier St, Lansing, MI, 48906 listed at $114,900 pairs $1,196/mo rent with a $562/mo payment to leave $439/mo cash flow. Total monthly income runs $1,196/mo, and annual cash flow reaches $5,264/yr on $38,089 cash to close. Return on cash invested measures 33.73% in year one, and rental yield registers 12.49% at a $114,900 basis. Equity gained on principal adds $741/yr, and annual property appreciation at 5% supports $31,745 by year five. Five-year ROI tracks 177.5% and total cumulative return in cash totals $67,610. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,196/mo property income relative to a $562/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1924
0.34 Acres 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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