217 N Magnolia AveLansingMI48912
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow217 N Magnolia Ave, Lansing, MI, 48912 in Lansing is a top-tier cash-flow asset. At $150,000 it produces $1,750/mo in rent and $760/mo in net monthly income, a 14% gross rental yield. The DSCR of 2.60 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $9,125. Five-year appreciation adds $41,442, driving a total cumulative return of $106,124.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14% | 7.8% |
| Monthly Cash Flow | $760 | $450 |
City averages based on Lansing market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,750 |
| Total Monthly Debt Service | $929 |
| DSCR Ratio | 1.88x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1907
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48912, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,208 (100%) |
| Owner Occupied HU | 3,846 (41.8%) |
| Renter Occupied HU | 4,595 (49.9%) |
| Vacant Housing Units | 767 ( 8.3%) |
| Median Home Value | $165,968 |
| Average Home Value | $195,356 |
Housing Distribution
Address Breakdown
Residential
9,234
Single Family
6,927
Multi-Family
2,307
Businesses
914
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1907
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48912, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,208 (100%) |
| Owner Occupied HU | 3,846 (41.8%) |
| Renter Occupied HU | 4,595 (49.9%) |
| Vacant Housing Units | 767 ( 8.3%) |
| Median Home Value | $165,968 |
| Average Home Value | $195,356 |
Housing Distribution
Address Breakdown
Residential
9,234
Single Family
6,927
Multi-Family
2,307
Businesses
914
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices