1219 N Washington AveLansingMI48906
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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
Rental property for sale in Lansing at 1219 N Washington Ave, Lansing, MI, 48906 offers $1,130/mo rent that, after a $747/mo payment. Total monthly income is $1,130/mo. Return on cash invested measures 19.71% in year one, and rental yield stands at 8.88% at a $152,700 entry. Equity gained on principal adds $985/yr while 5% annual appreciation compounds into $42,188 by year five. Five-year ROI records 103.48% and total cumulative return in cash reaches $52,382. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,130/mo property income versus a $747/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1880
0.25 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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