1404 Kelsey AveLansingMI48910
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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 1404 Kelsey Ave, Lansing, MI, 48910 listed at $144,500 pairs $1,091/mo rent with a $707/mo payment to leave $138/mo cash flow. Total monthly income runs $1,091/mo, and annual cash flow reaches $1,660/yr on $47,902 cash to close. Return on cash invested measures 23.37% in year one, and rental yield registers 9.06% at a $144,500 basis. Equity gained on principal adds $932/yr, and annual property appreciation at 5% supports $39,923 by year five. Five-year ROI tracks 122.04% and total cumulative return in cash totals $58,459. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,091/mo property income relative to a $707/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1943
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48910, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,169 (100%) |
| Owner Occupied HU | 8,914 (51.9%) |
| Renter Occupied HU | 6,788 (39.5%) |
| Vacant Housing Units | 1,467 ( 8.5%) |
| Median Home Value | $121,879 |
| Average Home Value | $154,977 |
Housing Distribution
Address Breakdown
Residential
16,469
Single Family
13,032
Multi-Family
3,437
Businesses
836
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