1165 Whittier DrEast LansingMI48823
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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 East Lansing at 1165 Whittier Dr, East Lansing, MI, 48823 uses $129,252 cash to close to unlock $5,450/yr annual cash flow and $454/mo monthly cash flow. Total monthly income runs $3,025/mo, and a $1,908/mo payment keeps the spread at $454/mo. Purchase price stands at $389,900, and rental yield measures 9.31% with $3,025/mo rent. Return on cash invested shows 24.13% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 126.01% and total cumulative return in cash records $162,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,025/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Single Family
Built in 1977
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48823, East Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,865 (100%) |
| Owner Occupied HU | 10,317 (39.9%) |
| Renter Occupied HU | 13,227 (51.1%) |
| Vacant Housing Units | 2,321 ( 9.0%) |
| Median Home Value | $296,966 |
| Average Home Value | $329,463 |
Housing Distribution
Address Breakdown
Residential
23,522
Single Family
14,377
Multi-Family
9,145
Businesses
1,219
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Listed by: Rose Vadnais • Coldwell Banker Professionals-E.L.
Mls Name: Greater Lansing AOR
Mls ID: #291440