1404 Warwick DrLansingMI48910
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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 Warwick Dr, Lansing, MI, 48910 listed at $114,000 pairs $1,938/mo rent with a $558/mo payment to leave $1,149/mo cash flow. Total monthly income runs $1,938/mo, and annual cash flow reaches $13,791/yr on $37,791 cash to close. Return on cash invested measures 56.4% in year one, and rental yield registers 20.4% at a $114,000 basis. Equity gained on principal adds $736/yr, and annual property appreciation at 5% supports $31,496 by year five. Five-year ROI tracks 299.61% and total cumulative return in cash totals $113,227. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,938/mo property income relative to a $558/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1953
6,098 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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Listed by: Marcy Shepler • Dee's Mission Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50154641
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