2016 E Clark RdLansingMI48906
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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 2016 E Clark Rd, Lansing, MI, 48906 priced at $129,000 converts $1,969/mo rent into $1,119/mo cash flow after a $631/mo obligation. Total monthly income equals $1,969/mo, and annual cash flow totals $13,424/yr on $42,764 invested. Return on cash invested prints 51.3% in year one, and rental yield reads 18.32% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 271.72% and total cumulative return in cash sums $116,197. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,969/mo property income covering a $631/mo payment, not borrower’s personal income.
Single Family
Built in 1907
0.49 Acres 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: Joel Baker • RE/MAX of Grand Rapids
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #283261
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 2023 Greater Lansing Association of REALTORS