2340 Washington RdLansingMI48911
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 2340 Washington Rd, Lansing, MI, 48911 in Lansing at $245,000 earns $1,705/mo in rent and nets $89/mo after the $1,102/mo payment, a 8.35% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $67,689 over five years. Ziffy Mortgage underwrites this on a 1.55 DSCR without U.S. credit history. With $2,256/yr in principal paydown, total projected return reaches $99,088.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 7.8% |
| Monthly Cash Flow | $89 | $450 |
City averages based on Lansing market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,705 |
| Total Monthly Debt Service | $1,518 |
| DSCR Ratio | 1.12x |
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.
Single Family
Built in 1962
0.36 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
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
Single Family
Built in 1962
0.36 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices