1411 Illinois 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 1411 Illinois Ave, Lansing, MI, 48906 listed at $142,500 pairs $1,098/mo rent with a $697/mo payment to leave $159/mo cash flow. Total monthly income runs $1,098/mo, and annual cash flow reaches $1,905/yr on $47,239 cash to close. Return on cash invested measures 23.94% in year one, and rental yield registers 9.25% at a $142,500 basis. Equity gained on principal adds $920/yr, and annual property appreciation at 5% supports $39,370 by year five. Five-year ROI tracks 124.99% and total cumulative return in cash totals $59,043. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,098/mo property income relative to a $697/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1922
3,920 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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Listed by: Vearl Green • Brokers Realty
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #285561
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS