1300 W Shiawassee StLansingMI48915
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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 1300 W Shiawassee St, Lansing, MI, 48915 priced at $258,000 pairs $2,332/mo rent with $452/mo cash flow after a $1,263/mo payment. Total monthly income equals $2,332/mo, and annual cash flow comes to $5,423/yr on $85,527 invested. Return on cash invested is 26.25% in year one, and rental yield stands at 10.85% on a $258,000 basis. Equity gained on principal adds $1,665/yr, and 5% annual appreciation accumulates to $71,281 by year five. Five-year ROI measures 138.29% and total cumulative return in cash reaches $118,274. For financing, Ziffy Mortgage’s DSCR program evaluates $2,332/mo property income against a $1,263/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1919
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48915, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,459 (100%) |
| Owner Occupied HU | 2,378 (53.3%) |
| Renter Occupied HU | 1,600 (35.9%) |
| Vacant Housing Units | 481 (10.8%) |
| Median Home Value | $132,766 |
| Average Home Value | $165,350 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,824
Multi-Family
195
Businesses
100
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