1804 W Michigan AveLansingMI48915
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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 1804 W Michigan Ave, Lansing, MI, 48915 generates $1,529/mo in rent and, after a $1,101/mo payment, leaves $46/mo in cash flow. Total monthly income is $1,529/mo, and annual cash flow is $548/yr on $74,554 invested. Return on cash invested sits at 20.64% in year one, and rental yield is 8.16% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 107.34% and total cumulative return in cash sums $80,029. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,529/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
6,098 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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