1642 Coolidge 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 1642 Coolidge Rd, East Lansing, MI, 48823 listed at $228,000 pairs $1,834/mo rent with a $1,116/mo payment to leave $330/mo cash flow. Total monthly income runs $1,834/mo, and annual cash flow reaches $3,965/yr on $75,582 cash to close. Return on cash invested measures 25.15% in year one, and rental yield registers 9.65% at a $228,000 basis. Equity gained on principal adds $1,471/yr, and annual property appreciation at 5% supports $62,992 by year five. Five-year ROI tracks 131.54% and total cumulative return in cash totals $99,423. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,834/mo property income relative to a $1,116/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
0.32 Acres 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: Lisa Cain & Associates • Berkshire Hathaway HomeServices
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #286344
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