215 E Saint Joseph StLansingMI48933
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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 Lansing at 215 E Saint Joseph St, Lansing, MI, 48933 with 5% annual appreciation on a $175,000 basis while $3,066/mo rent supports operations. Total monthly income totals $3,066/mo and a $857/mo payment preserves $1,612/mo for cash returns. Annual cash flow comes to $19,338/yr on $58,013 deployed, and return on cash invested reaches 53.24% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 21.02%. Five-year ROI measures 284.39% and total cumulative return in cash totals $164,983.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,066/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2006
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48933, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,250 (100%) |
| Owner Occupied HU | 184 ( 8.2%) |
| Renter Occupied HU | 1,586 (70.5%) |
| Vacant Housing Units | 480 (21.3%) |
| Median Home Value | $148,661 |
| Average Home Value | $199,755 |
Housing Distribution
Address Breakdown
Residential
1,998
Single Family
670
Multi-Family
1,328
Businesses
549
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Listed by: Darius Robinson • EXP Realty LLC
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240020513
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-09-16 06:11:58 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702