1130 Norwood RdLansingMI48917
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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 1130 Norwood Rd, Lansing, MI, 48917 uses $33,150 cash to close to unlock $1,728/yr annual cash flow and $144/mo monthly cash flow. Total monthly income runs $803/mo, and a $489/mo payment keeps the spread at $144/mo. Purchase price stands at $100,000, and rental yield measures 9.64% with $803/mo rent. Return on cash invested shows 25.12% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 131.27% and total cumulative return in cash records $43,516. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $803/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48917, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,006 (100%) |
| Owner Occupied HU | 9,492 (59.3%) |
| Renter Occupied HU | 5,831 (36.4%) |
| Vacant Housing Units | 683 ( 4.3%) |
| Median Home Value | $228,813 |
| Average Home Value | $243,744 |
Housing Distribution
Address Breakdown
Residential
15,809
Single Family
11,867
Multi-Family
3,942
Businesses
1,288
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