239 S Magnolia AveLansingMI48912
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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 239 S Magnolia Ave, Lansing, MI, 48912 at $129,900 posts ROI 41.84% with $787/mo cash flow from $1,644/mo rent. Total monthly income equals $1,644/mo, and annual cash flow records $9,446/yr on $43,062 to close. Return on cash invested measures 41.84% and rental yield reads 15.19% at the current $129,900. Equity gained on principal adds $838/yr, and 5% annual appreciation supports $35,889 by year five. Five-year ROI prints 221.14% and total cumulative return in cash totals $95,227.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,644/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1914
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
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