1319 W Michigan AveLansingMI48915
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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 1319 W Michigan Ave, Lansing, MI, 48915 uses $61,294 cash to close to unlock $7,268/yr annual cash flow and $606/mo monthly cash flow. Total monthly income runs $1,825/mo, and a $905/mo payment keeps the spread at $606/mo. Purchase price stands at $184,900, and rental yield measures 11.84% with $1,825/mo rent. Return on cash invested shows 31.77% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 166.97% and total cumulative return in cash records $102,343. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,825/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1912
10,454 sqft 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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