1532 Spencer StLansingMI48915
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1532 Spencer St, Lansing, MI, 48915 at $187,000 posts ROI 26.57% with $344/mo cash flow from $1,645/mo rent. Total monthly income equals $1,645/mo, and annual cash flow records $4,130/yr on $61,991 to close. Return on cash invested measures 26.57% and rental yield reads 10.56% at the current $187,000. Equity gained on principal adds $1,207/yr, and 5% annual appreciation supports $51,665 by year five. Five-year ROI prints 139.66% and total cumulative return in cash totals $86,574.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,645/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1927
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48915, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,459 (100%) |
| Owner Occupied HU | 2,378 (53.3%) |
| Renter Occupied HU | 1,600 (35.9%) |
| Vacant Housing Units | 481 (10.8%) |
| Median Home Value | $132,766 |
| Average Home Value | $165,350 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,824
Multi-Family
195
Businesses
100
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Nearby investment properties with comparable prices
Listed by: Rooted Real Estate Of Greater Lansing • RE/MAX Real Estate Professionals
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #287935
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