15754 Oak Lane DrLansingMI48906
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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 15754 Oak Lane Dr, Lansing, MI, 48906 uses $99,119 cash to close to unlock $11,972/yr annual cash flow and $998/mo monthly cash flow. Total monthly income runs $2,969/mo, and a $1,463/mo payment keeps the spread at $998/mo. Purchase price stands at $299,000, and rental yield measures 11.92% with $2,969/mo rent. Return on cash invested shows 31.99% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 168.15% and total cumulative return in cash records $166,666. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,969/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.55 Acres 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: Robert K Ellsworth • Coldwell Banker Realty-East Lansing
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #283449
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 2023 Greater Lansing Association of REALTORS