2 Locust LnLansingMI48911
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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 2 Locust Ln, Lansing, MI, 48911 priced at $1,289,900 pairs $4,740/mo rent with after a $6,313/mo payment. Total monthly income equals $4,740/mo. Return on cash invested is 9.56% in year one, and rental yield stands at 4.41% on a $1,289,900 basis. Equity gained on principal adds $8,324/yr, and 5% annual appreciation accumulates to $356,376 by year five. Five-year ROI measures 47.78% and total cumulative return in cash reaches $199,692. For financing, Ziffy Mortgage’s DSCR program evaluates $4,740/mo property income against a $6,313/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
1.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48911, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,330 (100%) |
| Owner Occupied HU | 9,298 (50.7%) |
| Renter Occupied HU | 7,861 (42.9%) |
| Vacant Housing Units | 1,171 ( 6.4%) |
| Median Home Value | $154,625 |
| Average Home Value | $223,948 |
Housing Distribution
Address Breakdown
Residential
17,164
Single Family
14,955
Multi-Family
2,209
Businesses
778
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