1408 E Oakland 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 1408 E Oakland Ave, Lansing, MI, 48906 offers a 9.58% rental yield on a $115,000 purchase with $918/mo rent. Total monthly income registers $918/mo, and a $563/mo payment leaves $160/mo available for distribution. Annual cash flow reaches $1,914/yr on $38,123 to close, and return on cash invested stands at 24.93% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 130.34% and total cumulative return in cash at $49,689. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $918/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1919
4,791 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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