1566 Snyder RdEast LansingMI48823
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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 East Lansing at 1566 Snyder Rd, East Lansing, MI, 48823 uses $59,637 cash to close to unlock $1,034/yr annual cash flow and $86/mo monthly cash flow. Total monthly income runs $1,276/mo, and a $881/mo payment keeps the spread at $86/mo. Purchase price stands at $179,900, and rental yield measures 8.51% with $1,276/mo rent. Return on cash invested shows 21.64% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 112.78% and total cumulative return in cash records $67,257. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,276/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1948
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48823, East Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,865 (100%) |
| Owner Occupied HU | 10,317 (39.9%) |
| Renter Occupied HU | 13,227 (51.1%) |
| Vacant Housing Units | 2,321 ( 9.0%) |
| Median Home Value | $296,966 |
| Average Home Value | $329,463 |
Housing Distribution
Address Breakdown
Residential
23,522
Single Family
14,377
Multi-Family
9,145
Businesses
1,219
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Listed by: Michele K Papatheodore • Keller Williams First
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50174593
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