1223 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
Investment property for sale in Lansing at 1223 N Washington Ave, Lansing, MI, 48906 earns $275/mo cash flow from $1,355/mo rent with a $705/mo payment. Total monthly income totals $1,355/mo, and annual cash flow totals $3,296/yr on $47,736 capital. ROI tracks 26.81% on current figures, and rental yield reads 11.29% at a $144,000 purchase. Equity gained on principal adds $929/yr, and 5% annual appreciation supports $39,785 over five years. Five-year ROI reaches 141.62% and total cumulative return in cash sums $67,602. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,355/mo property income instead of your personal income.
Multi Family
Built in 1880
5,227 sqft 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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