1523 Biltmore StLansingMI48906
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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
Rental property for sale in Lansing at 1523 Biltmore St, Lansing, MI, 48906 priced at $159,900 converts $1,203/mo rent into $148/mo cash flow after a $783/mo obligation. Total monthly income equals $1,203/mo, and annual cash flow totals $1,778/yr on $53,007 invested. Return on cash invested prints 23.26% in year one, and rental yield reads 9.03% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 121.44% and total cumulative return in cash sums $64,374. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,203/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1961
6,534 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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