1623 Boynton DrLansingMI48917
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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 1623 Boynton Dr, Lansing, MI, 48917 offers $4,038/mo rent that, after a $831/mo payment, leaves $2,446/mo cash flow. Total monthly income is $4,038/mo, and annual cash flow is $29,350/yr on $56,289 cash. Return on cash invested measures 72.05% in year one, and rental yield stands at 28.54% at a $169,800 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,913 by year five. Five-year ROI records 386.65% and total cumulative return in cash reaches $217,638. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,038/mo property income versus a $831/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48917, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,006 (100%) |
| Owner Occupied HU | 9,492 (59.3%) |
| Renter Occupied HU | 5,831 (36.4%) |
| Vacant Housing Units | 683 ( 4.3%) |
| Median Home Value | $228,813 |
| Average Home Value | $243,744 |
Housing Distribution
Address Breakdown
Residential
15,809
Single Family
11,867
Multi-Family
3,942
Businesses
1,288
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