1917 N East StLansingMI48906
Nearby investment properties with comparable rents
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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 1917 N East St, Lansing, MI, 48906 priced at $137,500 converts $1,397/mo rent into $490/mo cash flow after a $673/mo obligation. Total monthly income equals $1,397/mo, and annual cash flow totals $5,883/yr on $45,581 invested. Return on cash invested prints 32.82% in year one, and rental yield reads 12.19% against a $137,500 entry. Equity gained on principal adds $887/yr, while 5% annual appreciation compiles into $37,989 by year five. Five-year ROI reaches 172.69% and total cumulative return in cash sums $78,713. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,397/mo property income covering a $673/mo payment, not borrower’s personal income.
Single Family
Built in 1920
4,791 sqft 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: Melissa Evans Itsell • Coldwell Banker Professionals -Okemos
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #288043
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